Raymond James Financial Inc. Makes New $1.03 Million Investment in Barings Corporate Investors (NYSE:MCI)

Raymond James Financial Inc. bought a new position in Barings Corporate Investors (NYSE:MCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,370 shares of the financial services provider's stock, valued at approximately $1,027,000. Raymond James Financial Inc. owned 0.25% of Barings Corporate Investors at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in shares of Barings Corporate Investors by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock worth $56,000 after buying an additional 1,463 shares in the last quarter. StoneX Group Inc. acquired a new position in Barings Corporate Investors during the fourth quarter worth $204,000. Consolidated Portfolio Review Corp bought a new position in shares of Barings Corporate Investors during the fourth quarter valued at $206,000. Sanctuary Advisors LLC acquired a new stake in shares of Barings Corporate Investors in the 4th quarter valued at $206,000. Finally, LPL Financial LLC grew its holdings in shares of Barings Corporate Investors by 21.7% in the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock worth $265,000 after purchasing an additional 2,320 shares during the last quarter.

Barings Corporate Investors Trading Down 0.8 %

MCI stock traded down $0.16 during trading on Wednesday, hitting $20.01. 46,788 shares of the stock traded hands, compared to its average volume of 35,104. Barings Corporate Investors has a one year low of $16.91 and a one year high of $25.24. The company has a 50 day simple moving average of $20.95 and a 200 day simple moving average of $20.63.

Insider Activity at Barings Corporate Investors

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

Barings Corporate Investors 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.