Shoker Investment Counsel buys $2.2 Million stake in Kayne Anderson MLP Investment Co. (KYN)

Kayne Anderson MLP Investment Co. (KYN) : Shoker Investment Counsel scooped up 11,199 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 128,792 shares of Kayne Anderson MLP Investment Co. which is valued at $2.2 Million.Kayne Anderson MLP Investment Co. makes up approximately 2.08% of Shoker Investment Counsel’s portfolio.

Other Hedge Funds, Including , Pinnacle Associates Ltd reduced its stake in KYN by selling 19,123 shares or 11.33% in the most recent quarter. The Hedge Fund company now holds 149,726 shares of KYN which is valued at $2.6 Million. Kayne Anderson MLP Investment Co. makes up approx 0.06% of Pinnacle Associates Ltd’s portfolio.Monetary Management Group Inc reduced its stake in KYN by selling 19,214 shares or 85.42% in the most recent quarter. The Hedge Fund company now holds 3,280 shares of KYN which is valued at $56,449. Kayne Anderson MLP Investment Co. makes up approx 0.03% of Monetary Management Group Inc’s portfolio.Cambridge Investment Research Advisors reduced its stake in KYN by selling 2,878 shares or 6.96% in the most recent quarter. The Hedge Fund company now holds 38,475 shares of KYN which is valued at $661,001. Kayne Anderson MLP Investment Co. makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio. Checchi Capital Advisers added KYN to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $51,540. Kayne Anderson MLP Investment Co. makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

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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