Linscomb Wealth Inc. Takes Position in Barings Corporate Investors (NYSE:MCI)

Linscomb Wealth Inc. purchased a new stake in Barings Corporate Investors (NYSE:MCI) in the first quarter, Holdings Channel.com reports. The fund purchased 10,500 shares of the financial services provider’s stock, valued at approximately $180,000.

A number of other large investors have also made changes to their positions in MCI. Raymond James & Associates increased its holdings in shares of Barings Corporate Investors by 4.6% in the 4th quarter. Raymond James & Associates now owns 22,782 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 993 shares in the last quarter. Future Financial Wealth Managment LLC increased its holdings in shares of Barings Corporate Investors by 9.4% in the 4th quarter. Future Financial Wealth Managment LLC now owns 47,718 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 4,107 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Barings Corporate Investors by 26.0% in the 4th quarter. RFG Advisory LLC now owns 122,435 shares of the financial services provider’s stock valued at $2,256,000 after purchasing an additional 25,242 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Barings Corporate Investors in the 4th quarter valued at about $56,000. Finally, Atria Wealth Solutions Inc. grew its stake in Barings Corporate Investors by 46.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 101,703 shares of the financial services provider’s stock valued at $1,877,000 after acquiring an additional 32,170 shares during the last quarter.

Barings Corporate Investors Price Performance

NYSE MCI traded up $0.07 during trading hours on Friday, reaching $18.77. The company’s stock had a trading volume of 12,237 shares, compared to its average volume of 20,923. Barings Corporate Investors has a fifty-two week low of $14.36 and a fifty-two week high of $19.24. The company’s 50-day moving average is $18.20 and its two-hundred day moving average is $18.14.

Barings Corporate Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.31%. This is a boost from Barings Corporate Investors’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, May 31st.

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.