Invesco Ltd. boosted its position in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 39.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in Barings Corporate Investors by 6.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,874 shares of the financial services provider's stock valued at $1,989,000 after purchasing an additional 4,895 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Barings Corporate Investors during the 4th quarter valued at about $1,027,000. Bank of America Corp DE grew its position in Barings Corporate Investors by 108.3% during the 4th quarter. Bank of America Corp DE now owns 33,917 shares of the financial services provider's stock valued at $691,000 after purchasing an additional 17,637 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Barings Corporate Investors during the 1st quarter valued at about $2,330,000. Finally, MGB Wealth Management LLC purchased a new stake in Barings Corporate Investors during the 1st quarter valued at about $397,000.
Barings Corporate Investors Stock Performance
MCI stock traded up $0.05 during trading on Monday, hitting $21.81. 19,272 shares of the stock traded hands, compared to its average volume of 29,065. Barings Corporate Investors has a 1 year low of $18.00 and a 1 year high of $25.24. The firm's 50 day moving average is $21.08 and its two-hundred day moving average is $20.89.
Barings Corporate Investors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, August 29th.
About Barings Corporate Investors
(
Free Report)
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.
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