Kayne Anderson MLP Investment Co. (KYN): Vice President Increases Stake


Jody Meraz, Vice President at Kayne Anderson MLP Investment Co. (NYSE:KYN), purchased 1,000 shares of common stock. The transaction was completed on October 15, 2014. This is Mr. Meraz’s second purchase since February of this year. According to the SEC filing, Mr. Meraz sold each share at a price of $34.97, keeping under his indirect control a total of 5,649 shares.

Massachusetts Mutual Life Insurance Co. also seems quite bullish on Kayne Anderson MLP Investment Co. (NYSE:KYN). The company, which owns more than 10% of Kayne Anderson’s stock, completed five purchases this year, and three since July. It now owns about 13.5 million Series JJ Unsecured Senior Notes, and 104.64 other non-derivative securities. Moreover, James C. Baker, Executive VP, has also been active this year; he has acquired 28,955 shares, for prices ranging from $27.61 to $37.01, and now owns a total of 60,614 shares.

Kayne Anderson MLP Investment Co. (NYSE:KYN) is a non-diversified, closed-end investment company.

Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.

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