Cetera Investment Advisers Grows Position in Barings Corporate Investors (NYSE:MCI)

Cetera Investment Advisers lifted its position in shares of Barings Corporate Investors (NYSE:MCI) by 40.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 85,579 shares of the financial services provider’s stock after purchasing an additional 24,595 shares during the quarter. Cetera Investment Advisers owned about 0.42% of Barings Corporate Investors worth $1,593,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Linscomb Wealth Inc. purchased a new stake in Barings Corporate Investors during the first quarter worth approximately $180,000. Cambridge Investment Research Advisors Inc. raised its position in Barings Corporate Investors by 21.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 11,156 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Barings Corporate Investors by 7.1% during the second quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider’s stock worth $2,653,000 after purchasing an additional 9,392 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Barings Corporate Investors in the second quarter worth about $2,800,000. Finally, RFG Advisory LLC grew its stake in shares of 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 valued at $2,656,000 after buying an additional 32,068 shares in the last quarter.

Barings Corporate Investors Price Performance

Barings Corporate Investors stock opened at $19.23 on Tuesday. Barings Corporate Investors has a one year low of $15.41 and a one year high of $20.48. The stock’s 50 day moving average price is $18.67 and its 200 day moving average price is $18.26.

Barings Corporate Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.32%.

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.