Raymond James Financial Inc. Takes $1.03 Million Position in Barings Corporate Investors (NYSE:MCI)

Raymond James Financial Inc. purchased a new position in shares of Barings Corporate Investors (NYSE:MCI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50,370 shares of the financial services provider's stock, valued at approximately $1,027,000. Raymond James Financial Inc. owned about 0.25% of Barings Corporate Investors as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BHK Investment Advisors LLC increased its holdings in shares of Barings Corporate Investors by 1.4% in the fourth quarter. BHK Investment Advisors LLC now owns 353,808 shares of the financial services provider's stock valued at $7,211,000 after purchasing an additional 4,988 shares during the last quarter. Secure Asset Management LLC grew its stake in Barings Corporate Investors by 8.0% in the 4th quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider's stock valued at $3,559,000 after buying an additional 13,010 shares during the last quarter. Invesco Ltd. raised its holdings in Barings Corporate Investors by 1.8% in the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock valued at $3,455,000 after acquiring an additional 3,029 shares during the period. Atria Wealth Solutions Inc. lifted its position in Barings Corporate Investors by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider's stock worth $1,233,000 after acquiring an additional 1,989 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Barings Corporate Investors by 56.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,040 shares of the financial services provider's stock worth $592,000 after acquiring an additional 10,456 shares during the period.

Barings Corporate Investors Stock Performance

NYSE:MCI traded up $0.16 during mid-day trading on Friday, hitting $20.08. 30,696 shares of the stock were exchanged, compared to its average volume of 35,216. The firm's 50-day simple moving average is $20.89 and its 200 day simple moving average is $20.63. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $25.24.

Insider Activity

In related news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $227,100. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.07% of the stock is currently owned by company insiders.

Barings Corporate Investors Company Profile

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.