Barings Corporate Investors (NYSE:MCI) Share Price Passes Above Fifty Day Moving Average of $18.38

Shares of Barings Corporate Investors (NYSE:MCI) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.38 and traded as high as $19.29. Barings Corporate Investors shares last traded at $19.23, with a volume of 16,648 shares traded.

Barings Corporate Investors Stock Performance

The business has a 50-day moving average price of $18.38 and a 200-day moving average price of $18.13.

Barings Corporate Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 26th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 8.32%. This is a positive change from Barings Corporate Investors’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, August 26th.

Institutional Trading of Barings Corporate Investors

A number of hedge funds have recently bought and sold shares of MCI. BHK Investment Advisors LLC raised its position in shares of Barings Corporate Investors by 66.7% in the 1st quarter. BHK Investment Advisors LLC now owns 366,629 shares of the financial services provider’s stock worth $6,302,000 after acquiring an additional 146,733 shares in the last quarter. RFG Advisory LLC raised its holdings in Barings Corporate Investors by 26.2% in the first quarter. RFG Advisory LLC now owns 154,503 shares of the financial services provider’s stock worth $2,656,000 after purchasing an additional 32,068 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Barings Corporate Investors during the second quarter valued at about $2,800,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Barings Corporate Investors by 7.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider’s stock valued at $2,653,000 after buying an additional 9,392 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Barings Corporate Investors by 40.3% in the 2nd quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 24,595 shares during the last quarter.

Barings Corporate Investors Company Profile

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.