Barings Corporate Investors (NYSE:MCI) Stock Passes Above Fifty Day Moving Average – Here’s Why

Barings Corporate Investors (NYSE:MCI)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $19.84 and traded as high as $20.52. Barings Corporate Investors shares last traded at $20.38, with a volume of 42,664 shares trading hands.

Barings Corporate Investors Stock Up 0.1 %

The stock has a fifty day moving average price of $19.84 and a 200 day moving average price of $19.09.

Barings Corporate Investors Dividend Announcement

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

Institutional Investors Weigh In On Barings Corporate Investors

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mayfair Advisory Group LLC bought a new position in Barings Corporate Investors in the 3rd quarter valued at $224,000. World Investment Advisors LLC bought a new position in shares of Barings Corporate Investors in the third quarter worth about $410,000. Benjamin Edwards Inc. bought a new position in shares of Barings Corporate Investors in the third quarter worth about $603,000. MML Investors Services LLC increased its stake in Barings Corporate Investors by 119.4% in the 3rd quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock worth $612,000 after buying an additional 16,712 shares during the period. Finally, Future Financial Wealth Managment LLC lifted its holdings in Barings Corporate Investors by 1.7% during 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 buying an additional 814 shares in the last quarter.

Barings Corporate Investors Company 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.