Bank of America Corp DE Decreases Stock Holdings in Barings Participation Investors (NYSE:MPV)

Bank of America Corp DE reduced its stake in shares of Barings Participation Investors (NYSE:MPV) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,635 shares of the financial services provider’s stock after selling 3,118 shares during the quarter. Bank of America Corp DE owned approximately 0.06% of Barings Participation Investors worth $113,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MPV. Raymond James Financial Inc. purchased a new stake in Barings Participation Investors in the fourth quarter valued at about $648,000. LPL Financial LLC raised its stake in Barings Participation Investors by 166.5% in the fourth quarter. LPL Financial LLC now owns 34,355 shares of the financial services provider’s stock valued at $587,000 after buying an additional 21,463 shares during the last quarter. Virtus ETF Advisers LLC raised its stake in Barings Participation Investors by 31.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 33,899 shares of the financial services provider’s stock valued at $579,000 after buying an additional 8,122 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Barings Participation Investors in the fourth quarter valued at about $108,000. Finally, Benjamin Edwards Inc. raised its stake in Barings Participation Investors by 2.2% in the fourth quarter. Benjamin Edwards Inc. now owns 280,579 shares of the financial services provider’s stock valued at $4,795,000 after buying an additional 6,004 shares during the last quarter.

Barings Participation Investors Trading Up 0.0%

Barings Participation Investors stock opened at $18.93 on Tuesday. The stock has a 50-day moving average of $17.38 and a two-hundred day moving average of $16.90. Barings Participation Investors has a one year low of $15.15 and a one year high of $19.58.

Barings Participation Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date of this dividend was Friday, May 30th.

Barings Participation Investors Company Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.