Barings Corporate Investors (NYSE:MCI) Position Boosted by RFG Advisory LLC

RFG Advisory LLC lifted its stake in Barings Corporate Investors (NYSE:MCI) by 26.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,503 shares of the financial services provider’s stock after purchasing an additional 32,068 shares during the quarter. RFG Advisory LLC owned 0.76% of Barings Corporate Investors worth $2,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its position in Barings Corporate Investors by 5.1% in the 3rd quarter. HighTower Advisors LLC now owns 22,185 shares of the financial services provider’s stock worth $355,000 after buying an additional 1,077 shares in the last quarter. Greenwich Investment Management Inc. raised its holdings in shares of Barings Corporate Investors by 1.9% during the third quarter. Greenwich Investment Management Inc. now owns 84,172 shares of the financial services provider’s stock worth $1,342,000 after acquiring an additional 1,560 shares in the last quarter. Raymond James & Associates boosted its position in Barings Corporate Investors by 4.6% during the fourth quarter. Raymond James & Associates now owns 22,782 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 993 shares during the last quarter. Future Financial Wealth Managment LLC grew its stake in Barings Corporate Investors by 9.4% in the fourth quarter. Future Financial Wealth Managment LLC now owns 47,718 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 4,107 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new position in Barings Corporate Investors in the 4th quarter worth about $56,000.

Barings Corporate Investors Stock Down 0.3 %

MCI opened at $18.30 on Friday. Barings Corporate Investors has a fifty-two week low of $14.36 and a fifty-two week high of $19.24. The business has a 50-day moving average of $17.89 and a 200-day moving average of $17.99.

Barings Corporate Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Barings Corporate Investors’s previous quarterly dividend of $0.38.

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.