Janney Montgomery Scott LLC Acquires Shares of 99,408 Barings Corporate Investors (NYSE:MCI)

Janney Montgomery Scott LLC acquired a new stake in shares of Barings Corporate Investors (NYSE:MCI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 99,408 shares of the financial services provider's stock, valued at approximately $2,330,000. Janney Montgomery Scott LLC owned 0.49% of Barings Corporate Investors as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake 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 buying an additional 1,463 shares during the period. LPL Financial LLC grew its stake 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 buying an additional 2,320 shares during the period. Invesco Ltd. boosted its position in Barings Corporate Investors by 1.8% during the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock worth $3,455,000 after purchasing an additional 3,029 shares during the period. Benjamin Edwards Inc. boosted its position in Barings Corporate Investors by 16.3% during the 4th quarter. Benjamin Edwards Inc. now owns 35,171 shares of the financial services provider's stock worth $717,000 after purchasing an additional 4,923 shares during the period. Finally, Cetera Investment Advisers boosted its position in Barings Corporate Investors by 8.3% during the 4th quarter. Cetera Investment Advisers now owns 98,054 shares of the financial services provider's stock worth $1,998,000 after purchasing an additional 7,524 shares during the period.

Barings Corporate Investors Stock Down 1.1%

Barings Corporate Investors stock traded down $0.23 during trading on Friday, reaching $21.27. 17,273 shares of the company's stock were exchanged, compared to its average volume of 36,757. The company's 50-day moving average is $20.28 and its two-hundred day moving average is $20.73. Barings Corporate Investors has a 52-week low of $16.91 and a 52-week high of $25.24.

Barings Corporate Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors 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 dividend on an annualized basis and a yield of 7.52%.

Insider Buying and Selling

In related news, insider Edward P. Grace III sold 10,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total transaction of $227,100.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.07% of the stock is owned by corporate 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.