Fiduciary Trust Co. bought a new position in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) in the fourth quarter, HoldingsChannel.com reports. The firm bought 13,400 shares of the financial services provider’s stock, valued at approximately $184,000.

A number of other hedge funds have also recently modified their holdings of the stock. Morgan Stanley raised its stake in Kayne Anderson MLP Midstream Invstmnt by 3.9% in the 3rd quarter. Morgan Stanley now owns 5,892,291 shares of the financial services provider’s stock worth $105,177,000 after acquiring an additional 220,205 shares during the last quarter. Wells Fargo & Company MN raised its stake in Kayne Anderson MLP Midstream Invstmnt by 73.5% in the 3rd quarter. Wells Fargo & Company MN now owns 969,942 shares of the financial services provider’s stock worth $17,314,000 after acquiring an additional 411,012 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Kayne Anderson MLP Midstream Invstmnt by 4.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 583,628 shares of the financial services provider’s stock worth $10,418,000 after acquiring an additional 25,937 shares during the last quarter. Parkside Investments LLC raised its stake in Kayne Anderson MLP Midstream Invstmnt by 7.0% in the 3rd quarter. Parkside Investments LLC now owns 514,598 shares of the financial services provider’s stock worth $9,185,000 after acquiring an additional 33,813 shares during the last quarter. Finally, Cohen & Steers Inc. raised its stake in Kayne Anderson MLP Midstream Invstmnt by 2.6% in the 3rd quarter. Cohen & Steers Inc. now owns 457,229 shares of the financial services provider’s stock worth $8,162,000 after acquiring an additional 11,556 shares during the last quarter.

In related news, Director William H. Shea, Jr. acquired 2,000 shares of Kayne Anderson MLP Midstream Invstmnt stock in a transaction on Friday, December 28th. The stock was acquired at an average price of $12.75 per share, for a total transaction of $25,500.00. Following the purchase, the director now owns 10,219 shares of the company’s stock, valued at approximately $130,292.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President James C. Baker acquired 20,000 shares of Kayne Anderson MLP Midstream Invstmnt stock in a transaction on Wednesday, December 26th. The shares were bought at an average price of $12.76 per share, with a total value of $255,200.00. Following the purchase, the president now directly owns 237,039 shares in the company, valued at approximately $3,024,617.64. The disclosure for this purchase can be found here. Insiders purchased a total of 44,000 shares of company stock valued at $594,340 in the last 90 days.

Shares of KYN stock opened at $15.82 on Friday. Kayne Anderson MLP Midstream Invstmnt Co has a 1 year low of $12.26 and a 1 year high of $19.85.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.44 dividend on an annualized basis and a yield of 9.10%.

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About Kayne Anderson MLP Midstream Invstmnt

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.

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Want to see what other hedge funds are holding KYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN).

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

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