Smith Asset Management Co. LLC Acquires New Stake in Barings Participation Investors $MPV

Key Points

• Smith Asset Management Co. LLC acquired a new stake in Barings Participation Investors, purchasing 75,765 shares valued at approximately $1,336,000.
• Barings Participation Investors declared a quarterly dividend of $0.37 per share, which will be paid on September 12th, representing an annualized yield of 7.6%.
• The stock of Barings Participation Investors decreased by 0.7%, currently trading at $19.53 with a 52-week range between $15.16 and $21.00.

Smith Asset Management Co. LLC acquired a new stake in shares of Barings Participation Investors (NYSE:MPV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 75,765 shares of the financial services provider's stock, valued at approximately $1,336,000. Smith Asset Management Co. LLC owned about 0.71% of Barings Participation Investors as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of Barings Participation Investors by 2.6% during the first quarter. Cetera Investment Advisers now owns 95,705 shares of the financial services provider's stock valued at $1,687,000 after acquiring an additional 2,413 shares during the last quarter. Curbstone Financial Management Corp boosted its stake in shares of Barings Participation Investors by 7.6% during the first quarter. Curbstone Financial Management Corp now owns 52,466 shares of the financial services provider's stock valued at $925,000 after acquiring an additional 3,700 shares during the last quarter. Barings LLC boosted its stake in shares of Barings Participation Investors by 1.4% during the first quarter. Barings LLC now owns 275,017 shares of the financial services provider's stock valued at $4,849,000 after acquiring an additional 3,701 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Barings Participation Investors during the first quarter valued at $316,000. Finally, LPL Financial LLC boosted its stake in shares of Barings Participation Investors by 330.6% during the first quarter. LPL Financial LLC now owns 147,948 shares of the financial services provider's stock valued at $2,608,000 after acquiring an additional 113,593 shares during the last quarter.

Barings Participation Investors Stock Down 0.7%

MPV opened at $19.53 on Tuesday. Barings Participation Investors has a 52 week low of $15.16 and a 52 week high of $21.00. The business's fifty day simple moving average is $19.46 and its 200 day simple moving average is $17.96.

Barings Participation Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, August 29th.

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.

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