Kayne Anderson Midstream Energy Fd, Inc. (KMF) Shares Sold by Garner Asset Management Corp

Garner Asset Management Corp decreased its position in Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 449,605 shares of the closed-end fund’s stock after selling 73,125 shares during the quarter. Kayne Anderson Midstream Energy Fd comprises 4.3% of Garner Asset Management Corp’s investment portfolio, making the stock its largest holding. Garner Asset Management Corp’s holdings in Kayne Anderson Midstream Energy Fd were worth $5,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James & Associates grew its stake in shares of Kayne Anderson Midstream Energy Fd by 0.6% in the 4th quarter. Raymond James & Associates now owns 228,599 shares of the closed-end fund’s stock valued at $2,206,000 after buying an additional 1,365 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Kayne Anderson Midstream Energy Fd by 7.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 42,394 shares of the closed-end fund’s stock valued at $409,000 after buying an additional 3,040 shares in the last quarter. Next Capital Management LLC bought a new stake in shares of Kayne Anderson Midstream Energy Fd in the 4th quarter valued at approximately $42,000. PNC Financial Services Group Inc. grew its stake in shares of Kayne Anderson Midstream Energy Fd by 680.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,270 shares of the closed-end fund’s stock valued at $108,000 after buying an additional 9,826 shares in the last quarter. Finally, Corundum Group Inc. bought a new stake in shares of Kayne Anderson Midstream Energy Fd in the 4th quarter valued at approximately $96,000.

Shares of NYSE KMF traded up $0.09 during trading hours on Tuesday, hitting $12.08. The stock had a trading volume of 243,300 shares, compared to its average volume of 217,534. Kayne Anderson Midstream Energy Fd, Inc. has a 52 week low of $8.57 and a 52 week high of $13.90.

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 7.45%.

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Kayne Anderson Midstream Energy Fd Company Profile

Kayne Anderson Midstream/Energy Fund, Inc is a close-ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It invests in public equity markets of North America. The fund primarily invests in companies in the midstream/energy sector consisting of Midstream MLPs, Midstream Companies, Other MLPs and Other Energy companies.

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Institutional Ownership by Quarter for Kayne Anderson Midstream Energy Fd (NYSE:KMF)

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