Nwam LLC lifted its holdings in Kayne Anderson MLP Investment Co. (NYSE:KYN) by 32.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,502 shares of the financial services provider’s stock after buying an additional 9,293 shares during the quarter. Nwam LLC’s holdings in Kayne Anderson MLP Investment were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Alpha Cubed Investments LLC acquired a new stake in shares of Kayne Anderson MLP Investment in the third quarter worth $196,000. Northern Trust Corp increased its stake in shares of Kayne Anderson MLP Investment by 21.4% in the second quarter. Northern Trust Corp now owns 16,767 shares of the financial services provider’s stock worth $316,000 after acquiring an additional 2,950 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Kayne Anderson MLP Investment in the third quarter worth $322,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Kayne Anderson MLP Investment in the fourth quarter worth $364,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of Kayne Anderson MLP Investment in the fourth quarter worth $383,000.
Shares of Kayne Anderson MLP Investment Co. (KYN) opened at $18.24 on Tuesday. The firm has a market cap of $2,080.00, a price-to-earnings ratio of -13.12 and a beta of 0.74. Kayne Anderson MLP Investment Co. has a 52 week low of $14.38 and a 52 week high of $22.15.
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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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