Round Rock Advisors LLC boosted its holdings in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 117.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 about 0.20% of Barings Corporate Investors worth $961,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings 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 buying an additional 4,895 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Barings Corporate Investors during the 4th quarter valued at approximately $1,027,000. Bank of America Corp DE grew its holdings 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 buying an additional 17,637 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Barings Corporate Investors during the 1st quarter valued at approximately $2,330,000. Finally, Jones Financial Companies Lllp grew its holdings in Barings Corporate Investors by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,463 shares in the last quarter.
Barings Corporate Investors Stock Performance
NYSE MCI traded up $0.22 during trading on Thursday, hitting $21.73. 12,832 shares of the stock traded hands, compared to its average volume of 36,614. The firm has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $20.82. 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 declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.36%. The ex-dividend date was Friday, May 30th.
Barings Corporate Investors 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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