Barings Corporate Investors (NYSE:MCI) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in shares of Barings Corporate Investors (NYSE:MCI) by 40.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,579 shares of the financial services provider’s stock after acquiring an additional 24,595 shares during the period. Cetera Investment Advisers’ holdings in Barings Corporate Investors were worth $1,593,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. bought a new stake in Barings Corporate Investors during the first quarter valued at $180,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Barings Corporate Investors by 21.9% in the 2nd 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 during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Barings Corporate Investors by 7.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider’s stock valued at $2,653,000 after buying an additional 9,392 shares during the period. RFG Advisory LLC grew its position in shares of Barings Corporate Investors by 26.2% during the 1st quarter. RFG Advisory LLC now owns 154,503 shares of the financial services provider’s stock valued at $2,656,000 after buying an additional 32,068 shares during the last quarter. Finally, Secure Asset Management LLC acquired a new stake in Barings Corporate Investors during the second quarter worth about $2,800,000.

Barings Corporate Investors Stock Performance

Shares of MCI stock opened at $19.23 on Tuesday. The business has a 50 day moving average of $18.67 and a two-hundred day moving average of $18.26. Barings Corporate Investors has a 52 week low of $15.41 and a 52 week high of $20.48.

Barings Corporate Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 8.32%.

Barings Corporate Investors 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.