Barings Corporate Investors (NYSE:MCI) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Barings Corporate Investors (NYSE:MCI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.81 and traded as low as $19.14. Barings Corporate Investors shares last traded at $19.40, with a volume of 26,787 shares traded.

Barings Corporate Investors Stock Performance

The company’s 50 day simple moving average is $20.49 and its 200-day simple moving average is $20.81.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, December 30th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $1.60 annualized dividend and a yield of 8.2%.

Hedge Funds Weigh In On Barings Corporate Investors

A number of institutional investors and hedge funds have recently modified their holdings of MCI. Hantz Financial Services Inc. bought a new stake in shares of Barings Corporate Investors in the third quarter worth $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Barings Corporate Investors during the 2nd quarter valued at about $46,000. Advisory Services Network LLC purchased a new stake in shares of Barings Corporate Investors during the 3rd quarter valued at about $50,000. Whipplewood Advisors LLC increased its position in shares of Barings Corporate Investors by 773.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,613 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,314 shares during the last quarter. Finally, PKS Advisory Services LLC bought a new position in shares of Barings Corporate Investors in the 1st quarter worth approximately $225,000.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.