US Bancorp DE Decreases Stake in Barings Corporate Investors (NYSE:MCI)

US Bancorp DE lessened its position in shares of Barings Corporate Investors (NYSE:MCI) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,288 shares of the financial services provider’s stock after selling 2,584 shares during the quarter. US Bancorp DE’s holdings in Barings Corporate Investors were worth $364,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mayfair Advisory Group LLC purchased a new position in shares of Barings Corporate Investors in the third quarter valued at $224,000. Sky Investment Group LLC lifted its position in Barings Corporate Investors by 3.0% during the third quarter. Sky Investment Group LLC now owns 170,489 shares of the financial services provider’s stock valued at $3,398,000 after purchasing an additional 5,025 shares during the last quarter. Secure Asset Management LLC grew its stake in shares of Barings Corporate Investors by 7.5% in the 3rd quarter. Secure Asset Management LLC now owns 161,631 shares of the financial services provider’s stock worth $3,221,000 after buying an additional 11,273 shares in the last quarter. Future Financial Wealth Managment LLC increased its holdings in shares of Barings Corporate Investors by 1.7% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 49,619 shares of the financial services provider’s stock worth $989,000 after buying an additional 814 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Barings Corporate Investors by 40.3% during the 2nd 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 in the last quarter.

Barings Corporate Investors Trading Down 1.0 %

MCI opened at $18.94 on Wednesday. Barings Corporate Investors has a 12 month low of $15.71 and a 12 month high of $20.48. The stock has a 50-day moving average of $19.34 and a 200 day moving average of $18.58.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date is Monday, November 4th.

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.