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Barings Corporate Investors (NYSE:MCI) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Barings Corporate Investors logo with Finance background
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Shares of Barings Corporate Investors (NYSE:MCI - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.05 and traded as low as $19.80. Barings Corporate Investors shares last traded at $20.00, with a volume of 17,821 shares.

Barings Corporate Investors Stock Down 0.6 %

The stock's 50 day moving average is $21.09 and its 200 day moving average is $20.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Barings Corporate Investors by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,463 shares in the last quarter. StoneX Group Inc. acquired a new stake in Barings Corporate Investors during the fourth quarter worth approximately $204,000. Fiduciary Trust Co acquired a new stake in Barings Corporate Investors during the fourth quarter worth approximately $204,000. Consolidated Portfolio Review Corp bought a new position in Barings Corporate Investors during the 4th quarter worth $206,000. Finally, Sanctuary Advisors LLC acquired a new position in Barings Corporate Investors in the 4th quarter valued at $206,000.

About Barings Corporate Investors

(Get Free Report)

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.

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