Barings Corporate Investors (NYSE:MCI) Reaches New 1-Year High – Here’s Why

Barings Corporate Investors (NYSE:MCI) reached a new 52-week high during trading on Thursday . The company traded as high as $24.63 and last traded at $24.71, with a volume of 91697 shares changing hands. The stock had previously closed at $23.90.

Barings Corporate Investors Price Performance

The stock’s 50-day simple moving average is $20.90 and its 200 day simple moving average is $19.75.

Barings Corporate Investors Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BHK Investment Advisors LLC lifted its position in Barings Corporate Investors by 1.4% in the fourth quarter. BHK Investment Advisors LLC now owns 353,808 shares of the financial services provider’s stock valued at $7,211,000 after buying an additional 4,988 shares during the last quarter. Secure Asset Management LLC lifted its position in shares of Barings Corporate Investors by 8.0% during the fourth quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider’s stock worth $3,559,000 after purchasing an additional 13,010 shares in the last quarter. Invesco Ltd. lifted its position in shares of Barings Corporate Investors by 1.8% during the fourth quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider’s stock worth $3,455,000 after purchasing an additional 3,029 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Barings Corporate Investors by 8.3% during the fourth quarter. Cetera Investment Advisers now owns 98,054 shares of the financial services provider’s stock worth $1,998,000 after purchasing an additional 7,524 shares in the last quarter. Finally, Commerce Bank lifted its position in shares of Barings Corporate Investors by 426.7% during the third 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 in 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.