Commerce Bank Has $1.13 Million Stock Position in Barings Corporate Investors (NYSE:MCI)

Commerce Bank reduced its stake in shares of Barings Corporate Investors (NYSE:MCI - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,655 shares of the financial services provider's stock after selling 17,165 shares during the quarter. Commerce Bank owned 0.27% of Barings Corporate Investors worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MCI. Raymond James Financial Inc. acquired a new position in shares of Barings Corporate Investors during the fourth quarter valued at about $1,027,000. Invesco Ltd. grew its holdings in shares of Barings Corporate Investors by 1.8% during 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 in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Barings Corporate Investors by 56.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,040 shares of the financial services provider's stock valued at $592,000 after purchasing an additional 10,456 shares during the period. StoneX Group Inc. bought a new position in Barings Corporate Investors in the fourth quarter worth $204,000. Finally, LPL Financial LLC boosted its stake in Barings Corporate Investors by 21.7% during the fourth quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock worth $265,000 after buying an additional 2,320 shares in the last quarter.

Barings Corporate Investors Stock Down 0.9 %

NYSE:MCI opened at $20.70 on Wednesday. The company has a 50-day moving average of $21.33 and a 200-day moving average of $20.53. Barings Corporate Investors has a 52 week low of $16.91 and a 52 week high of $25.24.

Insider Buying and Selling

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.07% of the company's stock.

Barings Corporate Investors 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.

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