Cetera Investment Advisers Grows Stake in Barings Corporate Investors (NYSE:MCI)

Cetera Investment Advisers grew its holdings in Barings Corporate Investors (NYSE:MCI) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 98,054 shares of the financial services provider’s stock after buying an additional 7,524 shares during the quarter. Cetera Investment Advisers owned approximately 0.48% of Barings Corporate Investors worth $1,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MCI. Secure Asset Management LLC lifted its holdings in 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 worth $3,559,000 after buying an additional 13,010 shares during the period. Round Rock Advisors LLC bought a new position in shares of Barings Corporate Investors in the 4th quarter worth approximately $384,000. Consolidated Portfolio Review Corp bought a new position in shares of Barings Corporate Investors in the 4th quarter worth approximately $206,000. Sanctuary Advisors LLC bought a new position in shares of Barings Corporate Investors in the 4th quarter worth approximately $206,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of Barings Corporate Investors by 3.4% in the 4th 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 in the last quarter.

Insider Transactions at Barings Corporate Investors

In related news, insider Edward P. Grace III sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.08% of the company’s stock.

Barings Corporate Investors Price Performance

Shares of NYSE:MCI opened at $19.10 on Tuesday. Barings Corporate Investors has a 52-week low of $16.91 and a 52-week high of $25.24. The stock has a 50 day moving average price of $20.75 and a 200-day moving average price of $20.61.

Barings Corporate Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.38%. The ex-dividend date is Friday, May 30th.

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.