LPL Financial LLC Raises Holdings in Barings Participation Investors $MPV

Key Points

• LPL Financial LLC significantly increased its stake in Barings Participation Investors by 330.6% during the first quarter, representing a total of 147,948 shares valued at approximately $2.6 million.
• Barings Participation Investors will pay a quarterly dividend of $0.37 on September 12th, with an annualized yield of 7.8%.
• The stock is currently trading at $18.97, with a 52-week range between $15.16 and $20.35.

LPL Financial LLC grew its holdings in Barings Participation Investors (NYSE:MPV - Free Report) by 330.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 147,948 shares of the financial services provider's stock after buying an additional 113,593 shares during the quarter. LPL Financial LLC owned approximately 1.39% of Barings Participation Investors worth $2,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Schwallier Wealth Management LLC lifted its holdings in Barings Participation Investors by 2.2% in the 4th quarter. Schwallier Wealth Management LLC now owns 42,975 shares of the financial services provider's stock worth $734,000 after buying an additional 929 shares during the period. Cetera Investment Advisers lifted its holdings in Barings Participation Investors by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 95,705 shares of the financial services provider's stock worth $1,687,000 after buying an additional 2,413 shares during the period. Curbstone Financial Management Corp lifted its holdings in Barings Participation Investors by 7.6% in the 1st quarter. Curbstone Financial Management Corp now owns 52,466 shares of the financial services provider's stock worth $925,000 after buying an additional 3,700 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Barings Participation Investors by 5.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 85,789 shares of the financial services provider's stock worth $1,466,000 after buying an additional 4,374 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in Barings Participation Investors by 2.2% in the 4th quarter. Benjamin Edwards Inc. now owns 280,579 shares of the financial services provider's stock worth $4,795,000 after buying an additional 6,004 shares during the period.

Barings Participation Investors Trading Up 0.4%

NYSE MPV opened at $18.97 on Monday. Barings Participation Investors has a fifty-two week low of $15.16 and a fifty-two week high of $20.35. The stock has a 50 day simple moving average of $19.21 and a two-hundred day simple moving average of $17.65.

Barings Participation Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.37 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.48 annualized dividend and a yield of 7.8%.

Barings Participation Investors Company Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.

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