Farther Finance Advisors LLC bought a new stake in Barings Corporate Investors (NYSE:MCI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 20,814 shares of the financial services provider’s stock, valued at approximately $451,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of MCI. GHP Investment Advisors Inc. acquired a new stake in shares of Barings Corporate Investors in the 1st quarter worth about $25,000. Wolff Financial Management LLC bought a new stake in shares of Barings Corporate Investors during the 1st quarter worth $216,000. PKS Advisory Services LLC purchased a new position in shares of Barings Corporate Investors in the 1st quarter worth about $225,000. MGB Wealth Management LLC bought a new position in Barings Corporate Investors during the first quarter valued at about $397,000. Finally, Jones Financial Companies Lllp increased its holdings in Barings Corporate Investors by 703.5% during the first quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock worth $521,000 after buying an additional 19,452 shares during the last quarter.
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Barings Corporate Investors Stock Up 1.9%
Shares of MCI stock opened at $20.83 on Friday. Barings Corporate Investors has a 52 week low of $18.60 and a 52 week high of $25.24. The firm’s 50-day simple moving average is $21.14 and its two-hundred day simple moving average is $20.89.
Barings Corporate Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 7.7%.
Barings Corporate Investors Profile
(Free Report)
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.
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Farther Finance Advisors LLC Buys New Shares in Barings Corporate Investors $MCI
