First Foundation Advisors increased its position in shares of Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,414 shares of the financial services provider’s stock after purchasing an additional 60,875 shares during the period. First Foundation Advisors’ holdings in Kayne Anderson MLP Midstream Invstmnt were worth $12,254,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. raised its holdings in Kayne Anderson MLP Midstream Invstmnt by 9.4% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 125,956 shares of the financial services provider’s stock worth $2,019,000 after purchasing an additional 10,783 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Kayne Anderson MLP Midstream Invstmnt by 123.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 133,424 shares of the financial services provider’s stock worth $2,043,000 after purchasing an additional 73,609 shares in the last quarter. Advisory Services Network LLC bought a new stake in Kayne Anderson MLP Midstream Invstmnt during the first quarter worth approximately $48,000. NEXT Financial Group Inc raised its holdings in Kayne Anderson MLP Midstream Invstmnt by 934.2% during the second quarter. NEXT Financial Group Inc now owns 1,965 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,775 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Kayne Anderson MLP Midstream Invstmnt by 15.5% during the first quarter. CIBC Private Wealth Group LLC now owns 18,677 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 2,511 shares in the last quarter.

In related news, President James C. Baker purchased 20,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were bought at an average price of $15.26 per share, with a total value of $305,200.00. Following the completion of the acquisition, the president now owns 298,564 shares of the company’s stock, valued at $4,556,086.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Albert L. Richey purchased 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $13.90 per share, for a total transaction of $69,500.00. Following the acquisition, the director now directly owns 17,068 shares of the company’s stock, valued at approximately $237,245.20. The disclosure for this purchase can be found here. Insiders acquired 30,304 shares of company stock worth $455,215 in the last ninety days.

NYSE:KYN traded down $0.20 during midday trading on Wednesday, hitting $14.90. 3,645 shares of the stock were exchanged, compared to its average volume of 484,020. Kayne Anderson MLP Midstream Invstmnt Co has a one year low of $12.26 and a one year high of $18.45. The business has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $15.34.

The business also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 19th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 18th.

Kayne Anderson MLP Midstream Invstmnt Company Profile

Kayne Anderson MLP/Midstream Investment Co operates as a closed end management investment trust, which invests principally in equity securities of energy-related master limited partnerships. Its investment objective is to obtain high after-tax total returns for its shareholders. The company was founded on June 4, 2004 and is headquartered in Houston, TX.

Further Reading: Limitations of the P/E Growth ratio

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

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