Commerce Bank Sells 12,658 Shares of Barings Corporate Investors (NYSE:MCI)

Key Points

• Commerce Bank has reduced its stake in Barings Corporate Investors by 22.7%, now holding approximately 42,997 shares valued at $1,008,000.
• The recent quarterly dividend payout of $0.40 reflects an annualized dividend of $1.60 and a yield of 7.8%.
• Shares of Barings Corporate Investors have fluctuated, reaching a recent trading price of $20.55, with a 12-month range between $17.28 and $25.24.

Commerce Bank decreased its position in Barings Corporate Investors (NYSE:MCI - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,997 shares of the financial services provider's stock after selling 12,658 shares during the quarter. Commerce Bank owned approximately 0.21% of Barings Corporate Investors worth $1,008,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Graypoint LLC boosted its holdings in shares of Barings Corporate Investors by 2.4% in the 1st quarter. Graypoint LLC now owns 23,980 shares of the financial services provider's stock worth $562,000 after buying an additional 567 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Barings Corporate Investors in the 1st quarter worth about $25,000. LPL Financial LLC boosted its holdings in shares of Barings Corporate Investors by 21.7% in the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock worth $265,000 after buying an additional 2,320 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Barings Corporate Investors by 1.8% in the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock worth $3,455,000 after buying an additional 3,029 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Barings Corporate Investors by 6.1% during 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 purchasing an additional 4,895 shares during the last quarter.

Barings Corporate Investors Price Performance

NYSE MCI traded down $0.33 during trading on Friday, hitting $20.32. 16,878 shares of the company's stock traded hands, compared to its average volume of 22,572. Barings Corporate Investors has a 12-month low of $17.28 and a 12-month high of $25.24. The business has a 50 day moving average of $20.85 and a 200-day moving average of $20.90.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 7.9%.

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.