Barings Participation Investors (NYSE:MPV) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Barings Participation Investors (NYSE:MPV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.70 and traded as low as $15.77. Barings Participation Investors shares last traded at $15.98, with a volume of 29,338 shares trading hands.

Barings Participation Investors Price Performance

The firm’s 50-day moving average price is $16.40 and its 200-day moving average price is $16.70.

Hedge Funds Weigh In On Barings Participation Investors

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in Barings Participation Investors by 5.2% in the 4th quarter. Cetera Investment Advisers now owns 93,292 shares of the financial services provider’s stock worth $1,594,000 after buying an additional 4,620 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Barings Participation Investors by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 280,579 shares of the financial services provider’s stock valued at $4,795,000 after buying an additional 6,004 shares during the last quarter. Schwallier Wealth Management LLC raised its holdings in Barings Participation Investors by 2.2% during the 4th quarter. Schwallier Wealth Management LLC now owns 42,975 shares of the financial services provider’s stock valued at $734,000 after buying an additional 929 shares during the last quarter. Virtus ETF Advisers LLC raised its holdings in Barings Participation Investors by 31.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 33,899 shares of the financial services provider’s stock valued at $579,000 after buying an additional 8,122 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Barings Participation Investors during the 4th quarter valued at $648,000.

Barings Participation Investors Company Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.