Truist Financial Corp Raises Stock Position in Barings Participation Investors (NYSE:MPV)

Truist Financial Corp lifted its position in Barings Participation Investors (NYSE:MPV) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,770 shares of the financial services provider’s stock after buying an additional 8,390 shares during the period. Truist Financial Corp owned approximately 0.78% of Barings Participation Investors worth $1,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPV. Commonwealth Equity Services LLC grew its position in shares of Barings Participation Investors by 1.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 126,738 shares of the financial services provider’s stock worth $2,043,000 after buying an additional 2,410 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its position in shares of Barings Participation Investors by 83.7% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 2,140 shares of the financial services provider’s stock worth $35,000 after buying an additional 975 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Barings Participation Investors by 2.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 258,199 shares of the financial services provider’s stock worth $4,265,000 after buying an additional 5,163 shares during the last quarter.

Barings Participation Investors Price Performance

NYSE:MPV opened at $16.91 on Friday. Barings Participation Investors has a twelve month low of $12.80 and a twelve month high of $17.34. The company’s 50 day moving average is $16.32 and its two-hundred day moving average is $16.07.

Barings Participation Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 8.75%. The ex-dividend date is Monday, November 4th.

Barings Participation Investors Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.