Global Wealth Strategies & Associates Purchases New Stake in Barings Corporate Investors (NYSE:MCI)

Global Wealth Strategies & Associates acquired a new stake in Barings Corporate Investors (NYSE:MCI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 218,759 shares of the financial services provider's stock, valued at approximately $5,128,000. Barings Corporate Investors comprises about 1.6% of Global Wealth Strategies & Associates' investment portfolio, making the stock its 13th biggest position. Global Wealth Strategies & Associates owned approximately 1.08% of Barings Corporate Investors as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Round Rock Advisors LLC bought a new position in shares of Barings Corporate Investors in the 4th quarter worth about $384,000. Raymond James Financial Inc. acquired a new stake in shares of Barings Corporate Investors during the 4th quarter worth approximately $1,027,000. Sanctuary Advisors LLC bought a new stake in shares of Barings Corporate Investors in the 4th quarter valued at $206,000. Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 1,463 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Barings Corporate Investors by 21.7% during the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock valued at $265,000 after acquiring an additional 2,320 shares during the period.

Barings Corporate Investors Stock Down 1.8%

NYSE MCI traded down $0.38 on Friday, hitting $20.85. 25,945 shares of the company were exchanged, compared to its average volume of 35,933. The stock has a fifty day moving average of $20.74 and a 200-day moving average of $20.65. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.67%.

Insider Activity

In related news, insider Edward P. Grace III sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total transaction of $227,100.00. Following the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $227,100. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.07% of the stock is currently owned by company insiders.

About Barings Corporate Investors

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.