Round Rock Advisors LLC increased its stake in Barings Corporate Investors (NYSE:MCI - Free Report) by 117.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,979 shares of the financial services provider's stock after purchasing an additional 22,141 shares during the quarter. Round Rock Advisors LLC owned 0.20% of Barings Corporate Investors worth $961,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. purchased a new stake in shares of Barings Corporate Investors in the 1st quarter worth $25,000. Jones Financial Companies Lllp increased its stake in shares of 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. Wolff Financial Management LLC purchased a new stake in shares of Barings Corporate Investors in the 1st quarter worth $216,000. Fiduciary Trust Co purchased a new stake in shares of Barings Corporate Investors in the 4th quarter worth $204,000. Finally, StoneX Group Inc. purchased a new stake in shares of Barings Corporate Investors in the 4th quarter worth $204,000.
Barings Corporate Investors Trading Up 0.4%
Shares of NYSE:MCI traded up $0.08 during midday trading on Friday, hitting $21.80. The company had a trading volume of 15,185 shares, compared to its average volume of 36,588. Barings Corporate Investors has a 12-month low of $16.91 and a 12-month high of $25.24. The company has a fifty day moving average of $20.45 and a two-hundred day moving average of $20.84.
Barings Corporate Investors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 7.34%.
Barings Corporate Investors Company Profile
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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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