BHK Investment Advisors LLC Trims Stake in Barings Corporate Investors (NYSE:MCI)

BHK Investment Advisors LLC cut its position in Barings Corporate Investors (NYSE:MCI - Free Report) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 331,750 shares of the financial services provider's stock after selling 22,058 shares during the period. Barings Corporate Investors comprises 3.3% of BHK Investment Advisors LLC's portfolio, making the stock its 8th largest holding. BHK Investment Advisors LLC owned approximately 1.63% of Barings Corporate Investors worth $7,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings 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 worth $56,000 after purchasing an additional 1,463 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Barings Corporate Investors in the fourth quarter worth $1,027,000. LPL Financial LLC boosted its position in shares of Barings Corporate Investors by 21.7% during the fourth quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock worth $265,000 after acquiring an additional 2,320 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Barings Corporate Investors during the fourth quarter worth $204,000. Finally, Envestnet Asset Management Inc. grew its stake in Barings Corporate Investors by 56.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,040 shares of the financial services provider's stock valued at $592,000 after acquiring an additional 10,456 shares in the last quarter.

Barings Corporate Investors Stock Down 0.9%

MCI stock traded down $0.20 during mid-day trading on Monday, hitting $21.61. The company had a trading volume of 21,336 shares, compared to its average volume of 43,499. The company has a 50-day moving average price of $20.45 and a 200 day moving average price of $20.85. Barings Corporate Investors has a 12-month low of $16.91 and a 12-month high of $25.24.

Barings Corporate Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.41%.

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.