Round Rock Advisors LLC boosted its holdings in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 117.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,979 shares of the financial services provider's stock after purchasing an additional 22,141 shares during the period. Round Rock Advisors LLC owned about 0.20% of Barings Corporate Investors worth $961,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCI. Cambridge Investment Research Advisors Inc. raised its stake in shares of 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 during the last quarter. Raymond James Financial Inc. bought a new position in shares of Barings Corporate Investors in the fourth quarter valued at approximately $1,027,000. Bank of America Corp DE raised its stake in shares of Barings Corporate Investors by 108.3% in the fourth quarter. Bank of America Corp DE now owns 33,917 shares of the financial services provider's stock valued at $691,000 after acquiring an additional 17,637 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Barings Corporate Investors in the first quarter valued at approximately $2,330,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Barings Corporate Investors by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,463 shares during the last quarter.
Barings Corporate Investors Stock Performance
Shares of NYSE:MCI traded up $0.08 during trading on Friday, reaching $21.80. The stock had a trading volume of 15,185 shares, compared to its average volume of 36,697. Barings Corporate Investors has a 52 week low of $16.91 and a 52 week high of $25.24. The business's 50-day moving average price is $20.45 and its 200 day moving average price is $20.85.
Barings Corporate Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date was Friday, May 30th.
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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