Barings LLC Buys 2,686 Shares of Barings Participation Investors $MPV

Barings LLC increased its stake in Barings Participation Investors (NYSE:MPV) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 277,703 shares of the financial services provider’s stock after purchasing an additional 2,686 shares during the quarter. Barings LLC owned approximately 2.61% of Barings Participation Investors worth $5,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPV. Ameritas Advisory Services LLC bought a new position in shares of Barings Participation Investors in the second quarter valued at approximately $25,000. ST Germain D J Co. Inc. acquired a new position in Barings Participation Investors in the 2nd quarter valued at $27,000. Envestnet Asset Management Inc. acquired a new position in Barings Participation Investors in the 2nd quarter valued at $208,000. Smith Asset Management Co. LLC bought a new position in Barings Participation Investors in the 1st quarter worth $1,336,000. Finally, Cetera Investment Advisers lifted its position in Barings Participation Investors by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 95,705 shares of the financial services provider’s stock worth $1,687,000 after acquiring an additional 2,413 shares during the last quarter.

Barings Participation Investors Stock Performance

MPV stock opened at $19.82 on Friday. The company has a 50-day moving average of $19.80 and a two-hundred day moving average of $19.23. Barings Participation Investors has a 52-week low of $15.16 and a 52-week high of $21.00.

Barings Participation Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 7.5%.

Barings Participation Investors 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.