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.
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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