Barings Corporate Investors (NYSE:MCI) Insider Edward P. Grace III Sells 10,000 Shares

Barings Corporate Investors (NYSE:MCI - Get Free Report) insider Edward P. Grace III sold 10,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total transaction of $227,100.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $227,100. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Barings Corporate Investors Trading Down 2.4 %

Shares of MCI stock traded down $0.54 on Friday, reaching $22.17. The company's stock had a trading volume of 43,142 shares, compared to its average volume of 34,581. Barings Corporate Investors has a 12-month low of $16.91 and a 12-month high of $25.24. The stock's 50 day simple moving average is $21.37 and its 200-day simple moving average is $20.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Global Wealth Strategies & Associates bought a new position in shares of Barings Corporate Investors in the 1st quarter worth $5,128,000. Raymond James Financial Inc. bought a new stake in Barings Corporate Investors during the fourth quarter worth about $1,027,000. Benjamin Edwards Inc. purchased a new position in shares of Barings Corporate Investors in the 3rd quarter worth about $603,000. World Investment Advisors LLC purchased a new position in shares of Barings Corporate Investors during the 3rd quarter valued at about $410,000. Finally, Round Rock Advisors LLC bought a new stake in Barings Corporate Investors in the 4th quarter worth approximately $384,000.

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.