Signature Estate & Investment Advisors LLC Sells 40,960 Shares of Kayne Anderson MLP Investment Co. (KYN)

Signature Estate & Investment Advisors LLC cut its holdings in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 746,446 shares of the financial services provider’s stock after selling 40,960 shares during the quarter. Signature Estate & Investment Advisors LLC owned approximately 0.65% of Kayne Anderson MLP Investment worth $13,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KYN. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Kayne Anderson MLP Investment in the second quarter worth about $189,000. D L Carlson Investment Group Inc. bought a new position in shares of Kayne Anderson MLP Investment in the second quarter worth approximately $191,000. Alpha Cubed Investments LLC bought a new position in shares of Kayne Anderson MLP Investment in the third quarter worth approximately $196,000. Intellectus Partners LLC increased its position in shares of Kayne Anderson MLP Investment by 9.9% in the second quarter. Intellectus Partners LLC now owns 11,060 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Allegis Investment Advisors LLC increased its position in shares of Kayne Anderson MLP Investment by 15.7% in the second quarter. Allegis Investment Advisors LLC now owns 15,500 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 2,099 shares during the last quarter.

In related news, VP Ron M. Logan, Jr. acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average cost of $15.75 per share, for a total transaction of $315,000.00. Following the completion of the transaction, the vice president now owns 30,773 shares in the company, valued at $484,674.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kayne Anderson MLP Investment Co. (KYN) traded down $0.41 during mid-day trading on Tuesday, hitting $15.05. 1,019,300 shares of the company traded hands, compared to its average volume of 417,103. Kayne Anderson MLP Investment Co. has a one year low of $14.94 and a one year high of $22.15.

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About Kayne Anderson MLP Investment

Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’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.

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

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