Secure Asset Management LLC Buys 13,010 Shares of Barings Corporate Investors (NYSE:MCI)

Secure Asset Management LLC boosted its stake in Barings Corporate Investors (NYSE:MCI) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,641 shares of the financial services provider’s stock after purchasing an additional 13,010 shares during the period. Secure Asset Management LLC’s holdings in Barings Corporate Investors were worth $3,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCI. Commerce Bank boosted its holdings in shares of Barings Corporate Investors by 426.7% during the 3rd quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 58,994 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Barings Corporate Investors in the 3rd quarter valued at approximately $603,000. Cetera Investment Advisers lifted its stake in shares of Barings Corporate Investors by 40.3% in the second quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock worth $1,593,000 after acquiring an additional 24,595 shares during the period. World Investment Advisors LLC bought a new position in shares of Barings Corporate Investors in the 3rd quarter worth about $410,000. Finally, MML Investors Services LLC lifted its position in shares of Barings Corporate Investors by 119.4% during the 3rd quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 16,712 shares during the period.

Barings Corporate Investors Stock Up 0.8 %

Shares of NYSE:MCI opened at $20.82 on Friday. Barings Corporate Investors has a twelve month low of $16.91 and a twelve month high of $21.61. The stock’s 50 day moving average is $20.14 and its 200-day moving average is $19.31.

Barings Corporate Investors Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 30th were issued a dividend of $0.10 per share. This represents a yield of 8%. The ex-dividend date of this dividend was Monday, December 30th.

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.