Cetera Investment Advisers Buys 3,954 Shares of Barings Corporate Investors $MCI

Cetera Investment Advisers raised its position in shares of Barings Corporate Investors (NYSE:MCI) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,753 shares of the financial services provider’s stock after acquiring an additional 3,954 shares during the period. Cetera Investment Advisers owned approximately 0.50% of Barings Corporate Investors worth $2,182,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in shares of Barings Corporate Investors during the second quarter worth $46,000. Whipplewood Advisors LLC boosted its stake in shares of Barings Corporate Investors by 773.9% in the second quarter. Whipplewood Advisors LLC now owns 2,613 shares of the financial services provider’s stock valued at $57,000 after buying an additional 2,314 shares during the period. PKS Advisory Services LLC acquired a new stake in Barings Corporate Investors during the first quarter worth approximately $225,000. ST Germain D J Co. Inc. increased its stake in 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 acquiring an additional 6,570 shares during the period. Finally, MGB Wealth Management LLC bought a new position in Barings Corporate Investors during the 1st quarter worth $397,000.

Barings Corporate Investors Trading Down 0.7%

NYSE:MCI opened at $20.85 on Friday. Barings Corporate Investors has a fifty-two week low of $18.60 and a fifty-two week high of $25.24. The stock has a fifty day moving average price of $20.52 and a 200-day moving average price of $20.77.

Barings Corporate Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was 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.