217,070 Shares in Barings Corporate Investors $MCI Purchased by Smith Asset Management Co. LLC

Key Points

• Smith Asset Management Co. LLC acquired 217,070 shares of Barings Corporate Investors, valued at approximately $5,088,000, making it the firm's 3rd largest holding.
• Barings Corporate Investors recently declared a quarterly dividend of $0.40 per share, with a dividend yield of 7.5%, set to be paid on September 12th.
• The stock has shown price fluctuations, with a one-year low of $18.20 and a high of $25.24, currently trading at $21.35.

Smith Asset Management Co. LLC acquired a new stake in Barings Corporate Investors (NYSE:MCI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 217,070 shares of the financial services provider's stock, valued at approximately $5,088,000. Barings Corporate Investors accounts for 4.8% of Smith Asset Management Co. LLC's investment portfolio, making the stock its 3rd biggest position. Smith Asset Management Co. LLC owned about 1.07% of Barings Corporate Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new position in Barings Corporate Investors in the first quarter valued at $25,000. Fiduciary Trust Co acquired a new position in shares of Barings Corporate Investors during the fourth quarter worth about $204,000. Wolff Financial Management LLC acquired a new position in shares of Barings Corporate Investors during the first quarter worth about $216,000. PKS Advisory Services LLC acquired a new position in shares of Barings Corporate Investors during the first quarter worth about $225,000. Finally, MGB Wealth Management LLC acquired a new position in shares of Barings Corporate Investors during the first quarter worth about $397,000.

Barings Corporate Investors Trading Up 1.3%

Shares of Barings Corporate Investors stock traded up $0.29 on Friday, reaching $22.48. 78,905 shares of the stock were exchanged, compared to its average volume of 25,867. Barings Corporate Investors has a 1-year low of $18.60 and a 1-year high of $25.24. The business has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $20.83.

Barings Corporate Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Friday, August 29th.

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.