Commerce Bank increased its holdings in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 426.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 72,820 shares of the financial services provider's stock after purchasing an additional 58,994 shares during the period. Commerce Bank owned approximately 0.36% of Barings Corporate Investors worth $1,451,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Mayfair Advisory Group LLC bought a new stake in shares of Barings Corporate Investors in the third quarter valued at approximately $224,000. Future Financial Wealth Managment LLC increased its holdings in shares of Barings Corporate Investors by 1.7% during 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 during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Barings Corporate Investors by 21.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider's stock valued at $1,157,000 after buying an additional 11,156 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Barings Corporate Investors by 40.3% in the second quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider's stock valued at $1,593,000 after buying an additional 24,595 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in Barings Corporate Investors by 7.1% during the second quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider's stock worth $2,653,000 after buying an additional 9,392 shares in the last quarter.
Barings Corporate Investors Trading Down 0.8 %
Barings Corporate Investors stock traded down $0.15 during trading hours on Friday, hitting $19.42. The stock had a trading volume of 34,339 shares, compared to its average volume of 33,253. Barings Corporate Investors has a fifty-two week low of $16.42 and a fifty-two week high of $20.48. The company has a 50-day moving average of $19.54 and a two-hundred day moving average of $18.66.
Barings Corporate Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date was Monday, November 4th.
Barings Corporate Investors Profile
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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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