Barings Corporate Investors (NYSE:MCI) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Barings Corporate Investors (NYSE:MCI) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,874 shares of the financial services provider’s stock after acquiring an additional 4,895 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.42% of Barings Corporate Investors worth $1,989,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of Barings Corporate Investors during the 1st quarter valued at about $2,330,000. Global Wealth Strategies & Associates acquired a new position in Barings Corporate Investors in the first quarter valued at approximately $5,128,000. Fiduciary Trust Co acquired a new position in Barings Corporate Investors in the fourth quarter valued at approximately $204,000. Cetera Investment Advisers grew its holdings in shares of Barings Corporate Investors by 8.3% during the fourth quarter. Cetera Investment Advisers now owns 98,054 shares of the financial services provider’s stock valued at $1,998,000 after purchasing an additional 7,524 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Barings Corporate Investors by 108.3% in the 4th quarter. Bank of America Corp DE now owns 33,917 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 17,637 shares during the last quarter.

Barings Corporate Investors Stock Performance

NYSE:MCI opened at $21.79 on Wednesday. The business has a 50 day simple moving average of $20.32 and a 200 day simple moving average of $20.76. Barings Corporate Investors has a 12-month low of $16.91 and a 12-month high of $25.24.

Barings Corporate Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend was Friday, May 30th.

Barings Corporate Investors Company 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.