Pathway Financial Advisors LLC trimmed its holdings in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,602 shares of the financial services provider’s stock after selling 3,021 shares during the quarter. Kayne Anderson MLP Midstream Invstmnt comprises 0.6% of Pathway Financial Advisors LLC’s portfolio, making the stock its 23rd largest holding. Pathway Financial Advisors LLC’s holdings in Kayne Anderson MLP Midstream Invstmnt were worth $1,997,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Intercontinental Wealth Advisors LLC acquired a new position in Kayne Anderson MLP Midstream Invstmnt during the fourth quarter worth $34,000. Doyle Wealth Management acquired a new stake in shares of Kayne Anderson MLP Midstream Invstmnt in the fourth quarter valued at about $47,000. Whittier Trust Co. grew its position in shares of Kayne Anderson MLP Midstream Invstmnt by 34.5% in the fourth quarter. Whittier Trust Co. now owns 4,439 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 1,139 shares during the last quarter. Robinson Capital Management LLC grew its position in shares of Kayne Anderson MLP Midstream Invstmnt by 76.7% in the first quarter. Robinson Capital Management LLC now owns 5,300 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 2,300 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of Kayne Anderson MLP Midstream Invstmnt in the fourth quarter valued at about $140,000.
In other Kayne Anderson MLP Midstream Invstmnt news, VP Alan Boswell sold 2,407 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $15.69, for a total transaction of $37,765.83. Following the completion of the transaction, the vice president now owns 3,018 shares in the company, valued at $47,352.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date of this dividend was Wednesday, April 17th.
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Kayne Anderson MLP Midstream Invstmnt Company Profile
Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.
Further Reading: Asset Allocation, Balancing Your Investments
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