Raymond James Financial Inc. purchased a new position in Barings Corporate Investors (NYSE:MCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,370 shares of the financial services provider's stock, valued at approximately $1,027,000. Raymond James Financial Inc. owned approximately 0.25% of Barings Corporate Investors as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in MCI. Benjamin Edwards Inc. bought a new position in Barings Corporate Investors during the third quarter valued at approximately $603,000. World Investment Advisors LLC bought a new position in shares of Barings Corporate Investors during the 3rd quarter valued at approximately $410,000. Round Rock Advisors LLC purchased a new position in shares of Barings Corporate Investors in the fourth quarter valued at $384,000. Whipplewood Advisors LLC bought a new stake in Barings Corporate Investors in the fourth quarter worth $357,000. Finally, MML Investors Services LLC raised its stake in Barings Corporate Investors by 119.4% during the third quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 16,712 shares in the last quarter.
Barings Corporate Investors Stock Performance
Shares of NYSE:MCI traded up $0.02 on Tuesday, reaching $20.97. The company's stock had a trading volume of 24,424 shares, compared to its average volume of 34,907. The company has a 50-day simple moving average of $21.38 and a 200 day simple moving average of $20.44. Barings Corporate Investors has a 52-week low of $16.91 and a 52-week high of $25.24.
Insider Activity at Barings Corporate Investors
In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of Barings Corporate Investors stock in a transaction on 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 transaction, the insider now directly owns 10,000 shares of the company's stock, valued at $227,100. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by insiders.
Barings Corporate Investors Company 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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