Kayne Anderson MLP Midstream Invstmnt (NYSE:KYN) Shares Cross Above Fifty Day Moving Average of $15.33

Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.33 and traded as high as $15.16. Kayne Anderson MLP Midstream Invstmnt shares last traded at $15.08, with a volume of 2,956 shares traded.

The company has a 50 day moving average of $15.32.

In other news, President James C. Baker purchased 40,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $15.83 per share, with a total value of $633,200.00. Following the completion of the purchase, the president now directly owns 278,437 shares of the company’s stock, valued at approximately $4,407,657.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William L. Thacker purchased 5,304 shares of the stock in a transaction dated Thursday, June 20th. The stock was purchased at an average cost of $15.18 per share, for a total transaction of $80,514.72. Following the completion of the purchase, the director now directly owns 17,800 shares of the company’s stock, valued at $270,204. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Kayne Anderson MLP Midstream Invstmnt by 10.7% in the fourth quarter. Bank of America Corp DE now owns 4,332,361 shares of the financial services provider’s stock worth $59,613,000 after acquiring an additional 418,014 shares during the last quarter. Welch & Forbes LLC boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 0.4% during the first quarter. Welch & Forbes LLC now owns 983,946 shares of the financial services provider’s stock worth $15,772,000 after buying an additional 3,562 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 38.8% during the first quarter. HITE Hedge Asset Management LLC now owns 694,396 shares of the financial services provider’s stock worth $11,131,000 after buying an additional 194,286 shares during the last quarter. Jackson Financial Management boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 88.3% during the first quarter. Jackson Financial Management now owns 664,915 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 311,874 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Kayne Anderson MLP Midstream Invstmnt by 8.4% during the fourth quarter. Advisors Asset Management Inc. now owns 632,854 shares of the financial services provider’s stock worth $8,708,000 after buying an additional 49,226 shares during the last quarter.

About Kayne Anderson MLP Midstream Invstmnt (NYSE:KYN)

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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