Barings Corporate Investors (NYSE:MCI - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $19.84 and traded as high as $20.52. Barings Corporate Investors shares last traded at $20.38, with a volume of 42,664 shares traded.
Barings Corporate Investors Trading Up 0.1 %
The firm's 50-day moving average price is $19.85 and its 200 day moving average price is $19.10.
Barings Corporate Investors Dividend Announcement
The business also recently disclosed a -- dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 30th will be paid a $0.10 dividend. This represents a dividend yield of 8%. The ex-dividend date is Monday, December 30th.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Mayfair Advisory Group LLC bought a new position in Barings Corporate Investors during the 3rd quarter valued at $224,000. World Investment Advisors LLC purchased a new stake in shares of Barings Corporate Investors in the third quarter valued at about $410,000. Benjamin Edwards Inc. bought a new position in shares of Barings Corporate Investors during the third quarter valued at about $603,000. MML Investors Services LLC boosted its holdings in Barings Corporate Investors by 119.4% during the third quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider's stock worth $612,000 after purchasing an additional 16,712 shares during the last quarter. Finally, Future Financial Wealth Managment LLC grew its position in Barings Corporate Investors by 1.7% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 49,619 shares of the financial services provider's stock worth $989,000 after purchasing an additional 814 shares in the last quarter.
Barings Corporate Investors Company Profile
(
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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.
Further Reading
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