Barings Corporate Investors (NYSE:MCI) Shares Acquired by Round Rock Advisors LLC

Round Rock Advisors LLC lifted its holdings in shares of Barings Corporate Investors (NYSE:MCI) by 117.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,979 shares of the financial services provider’s stock after purchasing an additional 22,141 shares during the quarter. Round Rock Advisors LLC owned about 0.20% of Barings Corporate Investors worth $961,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Global Wealth Strategies & Associates acquired a new stake in shares of Barings Corporate Investors during the first quarter worth about $5,128,000. Invesco Ltd. increased its stake in shares of Barings Corporate Investors by 1.8% during the fourth quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider’s stock worth $3,455,000 after buying an additional 3,029 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Barings Corporate Investors during the first quarter worth approximately $2,330,000. Cetera Investment Advisers increased its stake in shares of Barings Corporate Investors by 8.3% during the fourth quarter. Cetera Investment Advisers now owns 98,054 shares of the financial services provider’s stock worth $1,998,000 after buying an additional 7,524 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Barings Corporate Investors by 6.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,874 shares of the financial services provider’s stock worth $1,989,000 after buying an additional 4,895 shares during the period.

Barings Corporate Investors Stock Performance

MCI stock opened at $21.51 on Thursday. The company’s 50 day moving average price is $20.39 and its 200 day moving average price is $20.82. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $25.24.

Barings Corporate Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.44%.

About Barings Corporate Investors

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.