Barings Corporate Investors $MCI Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stakes in Barings Corporate Investors by 39.1%, owning a total of 235,814 shares valued at approximately $5.5 million as of the latest SEC filing.
• Barings Corporate Investors will pay a quarterly dividend of $0.40 per share on September 12th, providing a 7.4% dividend yield to investors.
• As of the last trading day, Barings Corporate Investors stock has recorded a 12-month low of $18.00 and a high of $25.24, reflecting its recent market performance.

Invesco Ltd. lifted its holdings in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 39.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 235,814 shares of the financial services provider's stock after purchasing an additional 66,263 shares during the quarter. Invesco Ltd. owned about 1.16% of Barings Corporate Investors worth $5,527,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates acquired a new stake in Barings Corporate Investors in the first quarter valued at approximately $5,128,000. Janney Montgomery Scott LLC acquired a new stake in Barings Corporate Investors in the first quarter valued at approximately $2,330,000. Cetera Investment Advisers raised its holdings in Barings Corporate Investors by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 98,054 shares of the financial services provider's stock valued at $1,998,000 after acquiring an additional 7,524 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Barings Corporate Investors by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,874 shares of the financial services provider's stock valued at $1,989,000 after acquiring an additional 4,895 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Barings Corporate Investors in the fourth quarter valued at approximately $1,027,000.

Barings Corporate Investors Stock Down 0.3%

MCI stock traded down $0.06 during midday trading on Tuesday, reaching $21.78. 26,318 shares of the company were exchanged, compared to its average volume of 28,516. Barings Corporate Investors has a 1-year low of $18.00 and a 1-year high of $25.24. The stock's 50-day simple moving average is $21.11 and its 200 day simple moving average is $20.89.

Barings Corporate Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%.

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.