Janney Montgomery Scott LLC Has $2.24 Million Stock Holdings in Barings Corporate Investors $MCI

Janney Montgomery Scott LLC raised its position in Barings Corporate Investors (NYSE:MCI) by 4.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 103,609 shares of the financial services provider’s stock after acquiring an additional 4,201 shares during the period. Janney Montgomery Scott LLC owned about 0.51% of Barings Corporate Investors worth $2,244,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Graypoint LLC grew its holdings in shares of Barings Corporate Investors by 2.4% in the 1st quarter. Graypoint LLC now owns 23,980 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 567 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Barings Corporate Investors during the first quarter valued at approximately $25,000. Cambridge Investment Research Advisors Inc. grew its stake in Barings Corporate Investors by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,874 shares of the financial services provider’s stock valued at $1,989,000 after purchasing an additional 4,895 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of Barings Corporate Investors by 57.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 18,105 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 6,570 shares during the last quarter. Finally, Secure Asset Management LLC increased its position in shares of Barings Corporate Investors by 4.2% during the 2nd quarter. Secure Asset Management LLC now owns 176,900 shares of the financial services provider’s stock worth $3,832,000 after purchasing an additional 7,062 shares during the last quarter.

Barings Corporate Investors Price Performance

NYSE MCI opened at $19.62 on Friday. Barings Corporate Investors has a 12 month low of $18.60 and a 12 month high of $25.24. The stock has a 50 day moving average of $21.05 and a 200-day moving average of $20.89.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Monday, November 3rd.

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.