Barings Corporate Investors (NYSE:MCI) Shares Pass Below 200 Day Moving Average – Should You Sell?

Barings Corporate Investors (NYSE:MCI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.05 and traded as low as $19.80. Barings Corporate Investors shares last traded at $20.00, with a volume of 17,821 shares traded.

Barings Corporate Investors Price Performance

The business has a 50 day moving average price of $21.09 and a 200 day moving average price of $20.07.

Institutional Trading of Barings Corporate Investors

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BHK Investment Advisors LLC increased its stake in shares of Barings Corporate Investors by 1.4% in the 4th quarter. BHK Investment Advisors LLC now owns 353,808 shares of the financial services provider’s stock valued at $7,211,000 after acquiring an additional 4,988 shares during the last quarter. Secure Asset Management LLC increased its stake in shares of Barings Corporate Investors by 8.0% in the 4th quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider’s stock valued at $3,559,000 after acquiring an additional 13,010 shares during the last quarter. Invesco Ltd. increased its stake in shares of Barings Corporate Investors by 1.8% in the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider’s stock valued at $3,455,000 after acquiring an additional 3,029 shares during the last quarter. Cetera Investment Advisers increased its stake in Barings Corporate Investors by 8.3% during the 4th 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 increased its stake in Barings Corporate Investors by 426.7% during 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 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.