Barings Corporate Investors (NYSE:MCI) Shares Pass Below 200 Day Moving Average - Here's What Happened

Barings Corporate Investors (NYSE:MCI - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.48 and traded as low as $20.12. Barings Corporate Investors shares last traded at $20.29, with a volume of 41,515 shares.

Barings Corporate Investors Price Performance

The firm's fifty day moving average price is $21.36 and its two-hundred day moving average price is $20.50.

Insider Activity

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 $227,100. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.08% of the company's stock.

Hedge Funds Weigh In On Barings Corporate Investors

A number of large investors have recently bought and sold shares of MCI. Jones Financial Companies Lllp boosted its position in 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 valued at $56,000 after buying an additional 1,463 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Barings Corporate Investors by 3.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider's stock worth $1,233,000 after acquiring an additional 1,989 shares during the period. LPL Financial LLC increased its position in Barings Corporate Investors by 21.7% during the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 2,320 shares during the period. Invesco Ltd. lifted its position in shares of Barings Corporate Investors by 1.8% in the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock worth $3,455,000 after purchasing an additional 3,029 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of Barings Corporate Investors by 16.3% during the 4th quarter. Benjamin Edwards Inc. now owns 35,171 shares of the financial services provider's stock valued at $717,000 after purchasing an additional 4,923 shares in the last quarter.

Barings Corporate Investors Company 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.