Envestnet Asset Management Inc. increased its stake in shares of Barings Corporate Investors (NYSE:MCI – Free Report) by 56.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,040 shares of the financial services provider’s stock after buying an additional 10,456 shares during the period. Envestnet Asset Management Inc. owned 0.14% of Barings Corporate Investors worth $592,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. StoneX Group Inc. bought a new position in shares of Barings Corporate Investors in the fourth quarter worth about $204,000. LPL Financial LLC raised its position in Barings Corporate Investors by 21.7% in the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 2,320 shares during the last quarter. Raymond James Financial Inc. bought a new position in Barings Corporate Investors in the 4th quarter worth approximately $1,027,000. Jones Financial Companies Lllp lifted its holdings in Barings Corporate Investors by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,463 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Barings Corporate Investors in the 4th quarter valued at $357,000.
Barings Corporate Investors Stock Performance
MCI stock opened at $20.84 on Friday. Barings Corporate Investors has a twelve month low of $16.91 and a twelve month high of $25.24. The business has a fifty day moving average of $20.97 and a 200-day moving average of $20.62.
Insider Buying and Selling
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.
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