Royal Bank of Canada raised its holdings in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 46.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 889,691 shares of the financial services provider’s stock after buying an additional 282,235 shares during the quarter. Royal Bank of Canada owned about 0.78% of Kayne Anderson MLP Investment worth $16,770,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SNS Financial Group LLC grew its holdings in shares of Kayne Anderson MLP Investment by 11.2% during the second quarter. SNS Financial Group LLC now owns 230,560 shares of the financial services provider’s stock worth $4,346,000 after buying an additional 23,191 shares in the last quarter. Allen Investment Management LLC grew its holdings in shares of Kayne Anderson MLP Investment by 3.9% in the second quarter. Allen Investment Management LLC now owns 139,676 shares of the financial services provider’s stock valued at $2,633,000 after purchasing an additional 5,234 shares during the period. Blair William & Co. IL grew its holdings in shares of Kayne Anderson MLP Investment by 159.3% in the second quarter. Blair William & Co. IL now owns 76,347 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 46,903 shares during the period. RiverPoint Capital Management LLC grew its holdings in shares of Kayne Anderson MLP Investment by 10.0% in the second quarter. RiverPoint Capital Management LLC now owns 410,350 shares of the financial services provider’s stock valued at $7,735,000 after purchasing an additional 37,323 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Kayne Anderson MLP Investment by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 185,433 shares of the financial services provider’s stock valued at $3,495,000 after purchasing an additional 5,986 shares during the period.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 9th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend is Thursday, October 5th.

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Kayne Anderson MLP Investment Profile

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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