Secure Asset Management LLC Purchases 13,010 Shares of Barings Corporate Investors (NYSE:MCI)

Secure Asset Management LLC boosted its stake in Barings Corporate Investors (NYSE:MCI - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,641 shares of the financial services provider's stock after purchasing an additional 13,010 shares during the period. Secure Asset Management LLC owned about 0.86% of Barings Corporate Investors worth $3,559,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sky Investment Group LLC grew its holdings in shares of Barings Corporate Investors by 3.0% during the third quarter. Sky Investment Group LLC now owns 170,489 shares of the financial services provider's stock worth $3,398,000 after purchasing an additional 5,025 shares during the last quarter. Cetera Investment Advisers boosted its position in Barings Corporate Investors by 40.3% during the 2nd quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider's stock worth $1,593,000 after buying an additional 24,595 shares during the period. Commerce Bank grew its holdings in Barings Corporate Investors by 426.7% during the 3rd quarter. Commerce Bank now owns 72,820 shares of the financial services provider's stock worth $1,451,000 after acquiring an additional 58,994 shares during the last quarter. Future Financial Wealth Managment LLC increased its position in Barings Corporate Investors by 1.7% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 49,619 shares of the financial services provider's stock valued at $989,000 after acquiring an additional 814 shares during the period. Finally, MML Investors Services LLC raised its stake in shares of 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 acquiring an additional 16,712 shares during the last quarter.

Barings Corporate Investors Price Performance

Shares of NYSE:MCI traded up $0.17 during mid-day trading on Friday, reaching $20.91. 15,683 shares of the company's stock were exchanged, compared to its average volume of 43,359. Barings Corporate Investors has a twelve month low of $16.91 and a twelve month high of $21.61. The business's fifty day moving average price is $20.14 and its 200-day moving average price is $19.31.

Barings Corporate Investors Announces Dividend

The business also recently announced a -- dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 30th were issued a dividend of $0.10 per share. This represents a yield of 8%. The ex-dividend date was Monday, December 30th.

About Barings Corporate Investors

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.