US Bancorp DE Sells 2,584 Shares of Barings Corporate Investors (NYSE:MCI)

US Bancorp DE decreased its position in Barings Corporate Investors (NYSE:MCI) by 12.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,288 shares of the financial services provider’s stock after selling 2,584 shares during the quarter. US Bancorp DE owned approximately 0.09% of Barings Corporate Investors worth $364,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MCI. Secure Asset Management LLC bought a new position in shares of Barings Corporate Investors in the second quarter worth about $2,800,000. Cetera Investment Advisers lifted its holdings in Barings Corporate Investors by 40.3% during the second quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock valued at $1,593,000 after purchasing an additional 24,595 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Barings Corporate Investors by 21.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 11,156 shares in the last quarter. Mayfair Advisory Group LLC purchased a new stake in shares of Barings Corporate Investors in the third quarter worth $224,000. Finally, Linscomb Wealth Inc. bought a new stake in shares of Barings Corporate Investors during the 1st quarter valued at $180,000.

Barings Corporate Investors Trading Down 1.0 %

Shares of MCI stock opened at $18.94 on Wednesday. The stock has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $18.58. Barings Corporate Investors has a 52-week low of $15.71 and a 52-week high of $20.48.

Barings Corporate Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Monday, November 4th.

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.