Bank of America Corp DE Buys 17,637 Shares of Barings Corporate Investors (NYSE:MCI)

Bank of America Corp DE lifted its position in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 108.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,917 shares of the financial services provider's stock after acquiring an additional 17,637 shares during the quarter. Bank of America Corp DE owned approximately 0.17% of Barings Corporate Investors worth $691,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MCI. Jones Financial Companies Lllp increased its position in Barings Corporate Investors by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,463 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Barings Corporate Investors in the fourth quarter worth $206,000. StoneX Group Inc. bought a new stake in shares of Barings Corporate Investors in the fourth quarter worth $204,000. LPL Financial LLC increased its holdings in Barings Corporate Investors by 21.7% in the fourth quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 2,320 shares during the period. Finally, IFP Advisors Inc bought a new position in Barings Corporate Investors during the 4th quarter worth $326,000.

Insider Buying and Selling at Barings Corporate Investors

In other news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at $227,100. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.08% of the company's stock.

Barings Corporate Investors Trading Up 0.5%

Shares of NYSE MCI traded up $0.10 during trading on Friday, reaching $20.95. The company had a trading volume of 94,942 shares, compared to its average volume of 36,850. The company's fifty day moving average price is $20.26 and its 200-day moving average price is $20.64. Barings Corporate Investors has a 12 month low of $16.91 and a 12 month high of $25.24.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 7.64%. The ex-dividend date is Friday, May 30th.

About Barings Corporate Investors

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.