Kayne Anderson MLP Investment Co. (KYN) Shares Sold by Lincoln National Corp

Lincoln National Corp lessened its holdings in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 51.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,711 shares of the financial services provider’s stock after selling 130,635 shares during the quarter. Lincoln National Corp owned 0.11% of Kayne Anderson MLP Investment worth $2,038,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SFE Investment Counsel grew its position 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 in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Kayne Anderson MLP Investment in the fourth quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. grew its position 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 in the last quarter. US Bancorp DE grew its position 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 in the last quarter. Finally, Haverford Trust Co. grew its position 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 in the last quarter.

Shares of NYSE:KYN opened at $19.06 on Friday. Kayne Anderson MLP Investment Co. has a 52-week low of $14.38 and a 52-week high of $20.38.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Friday, April 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.44%. The ex-dividend date of this dividend was Thursday, April 12th.

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

Kayne Anderson MLP Investment 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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