Ameriprise Financial Inc. Has $1.37 Million Stake in Kayne Anderson Midstream Energy Fd, Inc. (KMF)

Ameriprise Financial Inc. trimmed its holdings in Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF) by 10.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 92,976 shares of the closed-end fund’s stock after selling 11,200 shares during the period. Ameriprise Financial Inc.’s holdings in Kayne Anderson Midstream Energy Fd were worth $1,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMF. Garner Asset Management Corp acquired a new stake in shares of Kayne Anderson Midstream Energy Fd in the second quarter valued at approximately $4,531,000. Sit Investment Associates Inc. raised its position in shares of Kayne Anderson Midstream Energy Fd by 31.5% in the third quarter. Sit Investment Associates Inc. now owns 269,265 shares of the closed-end fund’s stock valued at $3,958,000 after buying an additional 64,455 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Kayne Anderson Midstream Energy Fd in the second quarter valued at approximately $282,000. Bank of New York Mellon Corp acquired a new stake in shares of Kayne Anderson Midstream Energy Fd in the third quarter valued at approximately $206,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Kayne Anderson Midstream Energy Fd in the third quarter valued at approximately $198,000.

Shares of Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF) opened at $14.37 on Wednesday. Kayne Anderson Midstream Energy Fd, Inc. has a 1 year low of $12.25 and a 1 year high of $17.04.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 8.35%.

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About Kayne Anderson Midstream Energy Fd

Kayne Anderson Midstream/Energy Fund, Inc (the Fund) is a non-diversified, closed-end investment management company. The Fund’s investment objective is to provide a high level of return with an emphasis on making quarterly cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in the securities of companies in the Midstream/Energy Sector, consisting of midstream master limited partnerships (MLPs), midstream companies, other MLPs and other energy companies.

Want to see what other hedge funds are holding KMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF).

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

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