Barings Corporate Investors (NYSE:MCI) Reaches New 1-Year High – Here’s Why

Barings Corporate Investors (NYSE:MCI) hit a new 52-week high during trading on Thursday . The stock traded as high as $24.63 and last traded at $24.71, with a volume of 91697 shares. The stock had previously closed at $23.90.

Barings Corporate Investors Stock Down 7.3 %

The firm’s fifty day moving average is $20.90 and its 200 day moving average is $19.75.

Barings Corporate Investors Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 30th were issued a dividend of $0.10 per share. This represents a dividend yield of 8%. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On Barings Corporate Investors

A number of large investors have recently modified their holdings of the business. Commerce Bank grew its holdings in shares of Barings Corporate Investors by 426.7% in the third quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock valued at $1,451,000 after purchasing an additional 58,994 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Barings Corporate Investors in the fourth quarter valued at about $1,027,000. Benjamin Edwards Inc. purchased a new stake in shares of Barings Corporate Investors in the third quarter valued at about $603,000. World Investment Advisors LLC purchased a new stake in shares of Barings Corporate Investors in the third quarter valued at about $410,000. Finally, Round Rock Advisors LLC purchased a new stake in shares of Barings Corporate Investors in the fourth quarter valued at about $384,000.

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.