Barings Corporate Investors (NYSE:MCI) Stock Passes Above 50-Day Moving Average – Here’s What Happened

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 changing hands.

Barings Corporate Investors Trading Down 1.6 %

The stock’s fifty day moving average is $19.85 and its two-hundred day moving average is $19.10.

Barings Corporate Investors Announces Dividend

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

Institutional Trading of Barings Corporate Investors

A number of hedge funds have recently made changes to their positions in the business. Mayfair Advisory Group LLC bought a new stake 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 valued at about $410,000. Benjamin Edwards Inc. acquired a new stake in shares of Barings Corporate Investors during the 3rd quarter worth about $603,000. MML Investors Services LLC boosted its holdings in shares of Barings Corporate Investors by 119.4% during 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 grew its stake 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 buying an additional 814 shares during the last quarter.

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.