Barings Corporate Investors (NYSE:MCI) Shares Pass Below 200 Day Moving Average – Should You Sell?

Barings Corporate Investors (NYSE:MCI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.05 and traded as low as $19.80. Barings Corporate Investors shares last traded at $20.00, with a volume of 17,821 shares.

Barings Corporate Investors Stock Performance

The stock’s 50 day simple moving average is $21.09 and its two-hundred day simple moving average is $20.07.

Institutional Investors Weigh In On Barings Corporate Investors

Several institutional investors and hedge funds have recently made changes to their positions in MCI. Commerce Bank lifted its position in Barings Corporate Investors by 426.7% during the 3rd quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock worth $1,451,000 after buying an additional 58,994 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Barings Corporate Investors during the 3rd quarter worth about $603,000. MML Investors Services LLC lifted its position in Barings Corporate Investors by 119.4% during the 3rd quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock worth $612,000 after buying an additional 16,712 shares in the last quarter. World Investment Advisors LLC acquired a new position in Barings Corporate Investors during the 3rd quarter worth about $410,000. Finally, ST Germain D J Co. Inc. lifted its position in Barings Corporate Investors by 49.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 17,925 shares of the financial services provider’s stock worth $365,000 after buying an additional 5,940 shares in the last quarter.

About Barings Corporate Investors

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.