Twele Capital Management Inc. decreased its holdings in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) by 54.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,260 shares of the financial services provider’s stock after selling 12,081 shares during the quarter. Twele Capital Management Inc.’s holdings in Kayne Anderson MLP Midstream Invstmnt were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KYN. CENTRAL TRUST Co grew its holdings in shares of Kayne Anderson MLP Midstream Invstmnt by 41.9% during the 2nd quarter. CENTRAL TRUST Co now owns 2,128 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 628 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Kayne Anderson MLP Midstream Invstmnt by 2.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 34,124 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 657 shares during the period. Morse Asset Management Inc boosted its holdings in Kayne Anderson MLP Midstream Invstmnt by 7.7% in the 1st quarter. Morse Asset Management Inc now owns 16,700 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 1,200 shares during the period. Commerce Bank boosted its holdings in Kayne Anderson MLP Midstream Invstmnt by 3.8% in the 1st quarter. Commerce Bank now owns 36,394 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 1,340 shares during the period. Finally, NEXT Financial Group Inc boosted its holdings in Kayne Anderson MLP Midstream Invstmnt by 934.2% in the 2nd quarter. NEXT Financial Group Inc now owns 1,965 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,775 shares during the period.

In related news, President James C. Baker purchased 20,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $15.26 per share, for a total transaction of $305,200.00. Following the acquisition, the president now directly owns 298,564 shares in the company, valued at $4,556,086.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President James C. Baker purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average price of $15.83 per share, with a total value of $633,200.00. Following the acquisition, the president now owns 278,437 shares in the company, valued at $4,407,657.71. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 65,304 shares of company stock valued at $1,018,915.

NYSE KYN traded down $0.15 on Monday, reaching $15.30. The company had a trading volume of 5,616 shares, compared to its average volume of 476,184. Kayne Anderson MLP Midstream Invstmnt Co has a 1 year low of $12.26 and a 1 year high of $19.85. The firm’s 50-day moving average is $15.45.

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date is Wednesday, July 17th.

About Kayne Anderson MLP Midstream Invstmnt

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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