Wedbush Securities Inc. Buys New Stake in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN)

Wedbush Securities Inc. bought a new stake in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 88,464 shares of the financial services provider’s stock, valued at approximately $1,279,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 123.1% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 133,424 shares of the financial services provider’s stock valued at $2,043,000 after purchasing an additional 73,609 shares in the last quarter. Advisory Services Network LLC bought a new position in Kayne Anderson MLP Midstream Invstmnt during the 1st quarter valued at $48,000. NEXT Financial Group Inc boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 934.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,965 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,775 shares in the last quarter. Capital Investment Advisors LLC bought a new position in Kayne Anderson MLP Midstream Invstmnt during the 2nd quarter valued at $42,000. Finally, Sterling Investment Advisors Ltd. boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 8.1% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 55,850 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 4,200 shares in the last quarter.

NYSE KYN traded up $0.14 on Friday, reaching $13.45. 490,591 shares of the stock traded hands, compared to its average volume of 494,194. The firm’s fifty day simple moving average is $14.23 and its 200 day simple moving average is $15.07. Kayne Anderson MLP Midstream Invstmnt Co has a 12 month low of $12.26 and a 12 month high of $17.60.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date is Wednesday, October 23rd.

In other news, Director Albert L. Richey purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $13.90 per share, with a total value of $69,500.00. Following the purchase, the director now owns 17,068 shares in the company, valued at approximately $237,245.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kayne Anderson MLP Midstream Invstmnt 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.

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

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