Alpha Cubed Investments LLC Raises Holdings in Kayne Anderson MLP Investment (KYN)

Alpha Cubed Investments LLC raised its stake in Kayne Anderson MLP Investment (NYSE:KYN) by 64.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,467 shares of the financial services provider’s stock after acquiring an additional 6,462 shares during the period. Alpha Cubed Investments LLC’s holdings in Kayne Anderson MLP Investment were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. SFE Investment Counsel boosted its stake in Kayne Anderson MLP Investment by 1.1% in the first quarter. SFE Investment Counsel now owns 319,759 shares of the financial services provider’s stock valued at $5,266,000 after acquiring an additional 3,485 shares during the period. Tower Research Capital LLC TRC acquired a new position in Kayne Anderson MLP Investment in the fourth quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. boosted its stake in Kayne Anderson MLP Investment by 1.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 359,608 shares of the financial services provider’s stock valued at $6,850,000 after acquiring an additional 5,782 shares during the period. US Bancorp DE boosted its stake in Kayne Anderson MLP Investment by 28.9% in the first quarter. US Bancorp DE now owns 26,301 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 5,894 shares during the period. Finally, Haverford Trust Co. boosted its stake in Kayne Anderson MLP Investment by 55.7% in the fourth quarter. Haverford Trust Co. now owns 16,877 shares of the financial services provider’s stock valued at $322,000 after acquiring an additional 6,037 shares during the period.

Shares of Kayne Anderson MLP Investment opened at $19.08 on Friday, MarketBeat reports. Kayne Anderson MLP Investment has a 52 week low of $18.75 and a 52 week high of $18.94.

The business also recently announced a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Friday, April 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $1.80 dividend on an annualized basis and a yield of 9.43%.

In related news, CEO Kevin S. Mccarthy bought 14,265 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was bought at an average cost of $17.53 per share, for a total transaction of $250,065.45. Following the completion of the purchase, the chief executive officer now directly owns 529,121 shares in the company, valued at approximately $9,275,491.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kayne Anderson MLP Investment Company Profile

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.

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

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