MML Investors Services LLC Buys 16,712 Shares of Barings Corporate Investors (NYSE:MCI)

MML Investors Services LLC lifted its position in Barings Corporate Investors (NYSE:MCI) by 119.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,704 shares of the financial services provider’s stock after purchasing an additional 16,712 shares during the quarter. MML Investors Services LLC owned about 0.15% of Barings Corporate Investors worth $612,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MCI. Mayfair Advisory Group LLC bought a new stake in shares of Barings Corporate Investors in the 3rd quarter worth about $224,000. Benjamin Edwards Inc. bought a new stake in Barings Corporate Investors during the third quarter worth approximately $603,000. Future Financial Wealth Managment LLC raised its position in Barings Corporate Investors by 1.7% during 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 purchasing an additional 814 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Barings Corporate Investors by 21.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 11,156 shares during the last quarter. Finally, Commerce Bank boosted its holdings in shares of Barings Corporate Investors by 426.7% in the 3rd quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock worth $1,451,000 after purchasing an additional 58,994 shares during the period.

Barings Corporate Investors Stock Performance

NYSE:MCI opened at $19.83 on Friday. The stock’s fifty day moving average is $19.74 and its 200 day moving average is $18.94. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $20.68.

Barings Corporate Investors Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 30th will be issued a $0.10 dividend. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 8%.

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.