Equitable Holdings Inc. Makes New Investment in Barings Corporate Investors $MCI

Equitable Holdings Inc. purchased a new stake in Barings Corporate Investors (NYSE:MCI) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 61,501 shares of the financial services provider’s stock, valued at approximately $1,080,000.

Several other large investors also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new position in shares of Barings Corporate Investors in the 2nd quarter worth approximately $50,000. Advisory Services Network LLC acquired a new stake in Barings Corporate Investors during the third quarter valued at approximately $50,000. Whipplewood Advisors LLC lifted its stake in Barings Corporate Investors by 40.3% during the second quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,060 shares during the last quarter. Fifth Third Bancorp bought a new stake in Barings Corporate Investors during the first quarter worth approximately $120,000. Finally, Osbon Capital Management LLC bought a new stake in Barings Corporate Investors during the second quarter worth approximately $186,000.

Barings Corporate Investors Stock Performance

Shares of NYSE MCI opened at $19.64 on Friday. The stock’s fifty day simple moving average is $17.27 and its 200 day simple moving average is $18.06. Barings Corporate Investors has a 52-week low of $16.21 and a 52-week high of $23.00.

Barings Corporate Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.1%.

Barings Corporate Investors Company Profile

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.