Whipplewood Advisors LLC Purchases New Holdings in Barings Corporate Investors (NYSE:MCI)

Whipplewood Advisors LLC purchased a new stake in shares of Barings Corporate Investors (NYSE:MCI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,530 shares of the financial services provider’s stock, valued at approximately $357,000. Whipplewood Advisors LLC owned about 0.09% of Barings Corporate Investors at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MCI. BHK Investment Advisors LLC grew its stake in 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 worth $7,211,000 after acquiring an additional 4,988 shares in the last quarter. Secure Asset Management LLC increased 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 acquiring an additional 13,010 shares during the period. Commerce Bank increased 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 acquiring an additional 58,994 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Barings Corporate Investors by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider’s stock worth $1,233,000 after acquiring an additional 1,989 shares during the period. Finally, MML Investors Services LLC increased its position in shares of Barings Corporate Investors by 119.4% during the third quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 16,712 shares during the period.

Barings Corporate Investors Stock Up 0.4 %

Shares of NYSE:MCI opened at $21.15 on Thursday. The firm’s 50 day simple moving average is $21.02 and its 200-day simple moving average is $19.88. Barings Corporate Investors has a one year low of $16.91 and a one year high of $25.24.

Barings Corporate Investors Dividend Announcement

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

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.