Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 726,022 shares of the financial services provider’s stock after selling 28,468 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.64% of Kayne Anderson MLP Investment worth $13,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KYN. Cornerstone Advisors Inc. boosted its holdings in Kayne Anderson MLP Investment by 103.6% during the second quarter. Cornerstone Advisors Inc. now owns 40,412 shares of the financial services provider’s stock worth $762,000 after buying an additional 20,564 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Kayne Anderson MLP Investment by 1,785.0% during the second quarter. Harbour Capital Advisors LLC now owns 134,891 shares of the financial services provider’s stock worth $7,156,000 after buying an additional 127,735 shares in the last quarter. Schnieders Capital Management LLC boosted its holdings in Kayne Anderson MLP Investment by 2.0% during the second quarter. Schnieders Capital Management LLC now owns 144,493 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 2,831 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Kayne Anderson MLP Investment by 3.3% during the second quarter. Janney Montgomery Scott LLC now owns 185,433 shares of the financial services provider’s stock worth $3,495,000 after buying an additional 5,986 shares in the last quarter. Finally, Nwam LLC boosted its holdings in Kayne Anderson MLP Investment by 6.1% during the second quarter. Nwam LLC now owns 21,790 shares of the financial services provider’s stock worth $411,000 after buying an additional 1,245 shares in the last quarter.

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Shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) opened at 17.78 on Wednesday. Kayne Anderson MLP Investment Co. has a 12-month low of $16.51 and a 12-month high of $22.15. The company’s 50-day moving average is $17.84 and its 200-day moving average is $19.16.

About Kayne Anderson MLP Investment

Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (MLPs) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.

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Institutional Ownership by Quarter for Kayne Anderson MLP Investment (NYSE:KYN)

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