Barings Corporate Investors (NYSE:MCI) Share Price Crosses Above 50 Day Moving Average of $18.38

Barings Corporate Investors (NYSE:MCI) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.38 and traded as high as $19.29. Barings Corporate Investors shares last traded at $19.23, with a volume of 16,648 shares traded.

Barings Corporate Investors Stock Performance

The firm’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $18.13.

Barings Corporate Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 26th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 8.32%. This is a positive change from Barings Corporate Investors’s previous quarterly dividend of $0.39. The ex-dividend date was Monday, August 26th.

Hedge Funds Weigh In On Barings Corporate Investors

Institutional investors and hedge funds have recently modified their holdings of the stock. YHB Investment Advisors Inc. purchased a new position in Barings Corporate Investors during the first quarter valued at approximately $34,000. Linscomb Wealth Inc. purchased a new position in shares of Barings Corporate Investors during the 1st quarter valued at approximately $180,000. Commerce Bank acquired a new position in shares of Barings Corporate Investors in the 4th quarter valued at $185,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Barings Corporate Investors by 21.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock worth $1,157,000 after buying an additional 11,156 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Barings Corporate Investors by 40.3% during the second quarter. Cetera Investment Advisers now owns 85,579 shares of the financial services provider’s stock valued at $1,593,000 after buying an additional 24,595 shares during the period.

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.