Kingfisher Capital buys $4.6 Million stake in Kayne Anderson MLP Investment Co. (KYN)

Kayne Anderson MLP Investment Co. (KYN) : Kingfisher Capital scooped up 240,917 additional shares in Kayne Anderson MLP Investment Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 264,720 shares of Kayne Anderson MLP Investment Co. which is valued at $4.6 Million.Kayne Anderson MLP Investment Co. makes up approximately 2.86% of Kingfisher Capital’s portfolio.

Other Hedge Funds, Including , Baker Avenue Asset Management Lp added KYN to its portfolio by purchasing 14,940 company shares during the most recent quarter which is valued at $257,117. Kayne Anderson MLP Investment Co. makes up approx 0.04% of Baker Avenue Asset Management Lp’s portfolio. Sg Americas Securities sold out all of its stake in KYN during the most recent quarter. The investment firm sold 230,345 shares of KYN which is valued $4 Million.Raymond James Associates boosted its stake in KYN in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 75,563 shares of Kayne Anderson MLP Investment Co. which is valued at $1.3 Million.

Many Wall Street Analysts have commented on Kayne Anderson MLP Investment Co.. Kayne Anderson MLP Investment Co. was Downgraded by Ladenburg Thalmann to ” Neutral” on Feb 16, 2016.

Kayne Anderson MLP Investment Company is a non-diversified closed-end fund. The Fund’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. The Fund’s investments are principally in equity securities issued by MLPs but it also may invest in debt securities of MLPs and equity/debt securities of other midstream energy companies. KA Fund Advisors LLC is the Fund’s investment adviser.

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