Oppenheimer & Co. Inc. Acquires New Position in Barings Participation Investors (NYSE:MPV)

Oppenheimer & Co. Inc. bought a new position in shares of Barings Participation Investors (NYSE:MPV - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,900 shares of the financial services provider's stock, valued at approximately $316,000. Oppenheimer & Co. Inc. owned 0.17% of Barings Participation Investors at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Barings Participation Investors by 12.9% during the fourth quarter. Jones Financial Companies Lllp now owns 20,484 shares of the financial services provider's stock worth $350,000 after purchasing an additional 2,348 shares during the period. Virtus ETF Advisers LLC raised its stake in Barings Participation Investors by 31.5% during the fourth quarter. Virtus ETF Advisers LLC now owns 33,899 shares of the financial services provider's stock worth $579,000 after purchasing an additional 8,122 shares during the period. LPL Financial LLC raised its stake in Barings Participation Investors by 166.5% during the fourth quarter. LPL Financial LLC now owns 34,355 shares of the financial services provider's stock worth $587,000 after purchasing an additional 21,463 shares during the period. Raymond James Financial Inc. purchased a new position in Barings Participation Investors during the fourth quarter worth about $648,000. Finally, Schwallier Wealth Management LLC raised its stake in Barings Participation Investors by 2.2% during the fourth quarter. Schwallier Wealth Management LLC now owns 42,975 shares of the financial services provider's stock worth $734,000 after purchasing an additional 929 shares during the period.

Barings Participation Investors Price Performance

MPV stock traded down $0.62 during trading on Friday, reaching $19.72. 31,241 shares of the stock were exchanged, compared to its average volume of 26,958. The business has a 50 day moving average price of $18.13 and a 200-day moving average price of $17.15. Barings Participation Investors has a 1 year low of $15.15 and a 1 year high of $20.35.

Barings Participation Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend was Friday, May 30th.

Barings Participation Investors 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.