Smith Asset Management Co. LLC Takes $1.34 Million Position 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 purchased a new stake in Barings Participation Investors (NYSE:MPV - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 75,765 shares of the financial services provider's stock, valued at approximately $1,336,000. Smith Asset Management Co. LLC owned 0.71% of Barings Participation Investors at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Barings LLC raised its position in shares of Barings Participation Investors by 1.4% in the 1st 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 period. Round Rock Advisors LLC raised its position in shares of Barings Participation Investors by 159.9% in the 1st quarter. Round Rock Advisors LLC now owns 202,238 shares of the financial services provider's stock valued at $3,565,000 after acquiring an additional 124,414 shares during the period. LPL Financial LLC raised its position in shares of Barings Participation Investors by 330.6% in the 1st 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 period. Invesco Ltd. acquired a new stake in shares of Barings Participation Investors in the 1st quarter valued at approximately $2,191,000. Finally, Cetera Investment Advisers raised its position in shares of 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 valued at $1,687,000 after acquiring an additional 2,413 shares during the period.

Barings Participation Investors Stock Performance

MPV stock traded up $0.40 during mid-day trading on Friday, hitting $20.23. 37,348 shares of the company were exchanged, compared to its average volume of 20,695. The firm's 50 day simple moving average is $19.44 and its 200 day simple moving average is $18.04. Barings Participation Investors has a 1-year low of $15.16 and a 1-year high of $21.00.

Barings Participation Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 7.3%. The ex-dividend date was Friday, August 29th.

About Barings Participation Investors

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.