Barings Participation Investors (NYSE:MPV) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Barings Participation Investors' shares have recently crossed above the fifty day moving average of $19.34, trading as high as $20.56.
• The company announced a quarterly dividend of $0.37 per share, with a yield of 7.4%, scheduled for payment on September 12th.
• Institutional investors have increased their positions in Barings Participation Investors, with notable increases from firms like Envestnet Asset Management and Cetera Investment Advisers.

Barings Participation Investors (NYSE:MPV - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $19.34 and traded as high as $20.56. Barings Participation Investors shares last traded at $20.13, with a volume of 15,294 shares trading hands.

Barings Participation Investors Trading Up 0.1%

The business has a fifty day simple moving average of $19.42 and a 200 day simple moving average of $17.82.

Barings Participation Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, August 29th.

Institutional Investors Weigh In On Barings Participation Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in shares of Barings Participation Investors in the second quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new position in shares of Barings Participation Investors during the second quarter worth about $27,000. Envestnet Asset Management Inc. purchased a new stake in shares of Barings Participation Investors during the second quarter worth about $208,000. NewEdge Advisors LLC purchased a new stake in shares of Barings Participation Investors during the second quarter worth about $297,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Barings Participation Investors during the first quarter worth about $316,000.

About Barings Participation Investors

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.