Whipplewood Advisors LLC Has $57,000 Position in Barings Corporate Investors $MCI

Whipplewood Advisors LLC grew its holdings in Barings Corporate Investors (NYSE:MCI) by 773.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,613 shares of the financial services provider’s stock after acquiring an additional 2,314 shares during the quarter. Whipplewood Advisors LLC’s holdings in Barings Corporate Investors were worth $57,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Barings Corporate Investors by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,874 shares of the financial services provider’s stock valued at $1,989,000 after purchasing an additional 4,895 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Barings Corporate Investors by 4.2% in the second quarter. Janney Montgomery Scott LLC now owns 103,609 shares of the financial services provider’s stock valued at $2,244,000 after purchasing an additional 4,201 shares during the last quarter. Smith Asset Management Co. LLC acquired a new stake in shares of Barings Corporate Investors in the first quarter valued at about $5,088,000. Farther Finance Advisors LLC acquired a new stake in shares of Barings Corporate Investors in the second quarter valued at about $451,000. Finally, Invesco Ltd. grew its position in shares of Barings Corporate Investors by 39.1% in the first quarter. Invesco Ltd. now owns 235,814 shares of the financial services provider’s stock valued at $5,527,000 after purchasing an additional 66,263 shares during the last quarter.

Barings Corporate Investors Stock Down 0.3%

Shares of NYSE:MCI opened at $20.49 on Tuesday. The stock’s 50-day moving average is $20.98 and its 200-day moving average is $20.75. Barings Corporate Investors has a 52-week low of $18.60 and a 52-week high of $25.24.

Barings Corporate Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.8%.

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.