Montag A & Associates Inc. Trims Holdings in Barings Participation Investors $MPV

Montag A & Associates Inc. reduced its stake in Barings Participation Investors (NYSE:MPV) by 33.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,500 shares of the financial services provider’s stock after selling 4,690 shares during the quarter. Montag A & Associates Inc. owned 0.09% of Barings Participation Investors worth $191,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in Barings Participation Investors during the first quarter worth $2,191,000. LPL Financial LLC raised its holdings 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 buying an additional 113,593 shares during the period. Smith Asset Management Co. LLC acquired a new position in Barings Participation Investors during the 1st quarter worth about $1,336,000. Envestnet Asset Management Inc. acquired a new position in Barings Participation Investors during the 2nd quarter worth about $208,000. Finally, Barings LLC boosted its holdings in Barings Participation Investors by 1.4% during 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.

Barings Participation Investors Stock Up 1.3%

NYSE MPV opened at $19.60 on Thursday. The stock has a 50-day moving average of $19.77 and a two-hundred day moving average of $19.09. Barings Participation Investors has a 1-year low of $15.16 and a 1-year high of $21.00.

Barings Participation Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a $0.37 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.6%.

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.