Dumont & Blake Investment Advisors LLC lowered its holdings in Barings Corporate Investors (NYSE:MCI - Free Report) by 50.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,124 shares of the financial services provider's stock after selling 46,126 shares during the quarter. Dumont & Blake Investment Advisors LLC owned 0.23% of Barings Corporate Investors worth $919,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Linscomb Wealth Inc. purchased a new position in shares of Barings Corporate Investors in the first quarter valued at $180,000. Future Financial Wealth Managment LLC increased its position in shares of Barings Corporate Investors by 1.7% in the third quarter. Future Financial Wealth Managment LLC now owns 49,619 shares of the financial services provider's stock valued at $989,000 after buying an additional 814 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Barings Corporate Investors by 21.9% in 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 in the last quarter. Cetera Investment Advisers increased its position 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 in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of Barings Corporate Investors by 7.1% in the second quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider's stock valued at $2,653,000 after buying an additional 9,392 shares in the last quarter.
Barings Corporate Investors Trading Down 0.4 %
Shares of MCI stock traded down $0.07 during mid-day trading on Friday, reaching $19.76. The stock had a trading volume of 10,497 shares, compared to its average volume of 32,224. Barings Corporate Investors has a 12-month low of $15.41 and a 12-month high of $20.48. The business has a 50-day simple moving average of $19.05 and a 200 day simple moving average of $18.40.
Barings Corporate Investors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date of this dividend is Monday, November 4th.
Barings Corporate Investors Company Profile
(
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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