LPL Financial LLC Has $265,000 Position in Barings Corporate Investors (NYSE:MCI)

LPL Financial LLC lifted its holdings in Barings Corporate Investors (NYSE:MCI) by 21.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,016 shares of the financial services provider’s stock after acquiring an additional 2,320 shares during the period. LPL Financial LLC owned approximately 0.06% of Barings Corporate Investors worth $265,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. BHK Investment Advisors LLC grew its stake in shares of 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 acquiring an additional 4,988 shares in the last quarter. Secure Asset Management LLC grew its stake in shares of Barings Corporate Investors by 8.0% in the fourth 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 in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Barings Corporate Investors by 3.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider’s stock valued at $1,233,000 after acquiring an additional 1,989 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Barings Corporate Investors in the fourth quarter valued at about $1,027,000. Finally, World Investment Advisors LLC acquired a new position in shares of Barings Corporate Investors in the third quarter valued at about $410,000.

Barings Corporate Investors Stock Performance

MCI stock opened at $20.95 on Tuesday. Barings Corporate Investors has a 52 week low of $16.91 and a 52 week high of $25.24. The company’s 50-day simple moving average is $21.14 and its 200 day simple moving average is $20.59.

Insiders Place Their Bets

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total transaction of $227,100.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $227,100. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.08% of the company’s stock.

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.