Barings Corporate Investors (NYSE:MCI) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lowered its stake in shares of Barings Corporate Investors (NYSE:MCI) by 50.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,124 shares of the financial services provider’s stock after selling 46,126 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Barings Corporate Investors were worth $919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCI. BHK Investment Advisors LLC boosted its stake in shares of Barings Corporate Investors by 66.7% during the 1st quarter. BHK Investment Advisors LLC now owns 366,629 shares of the financial services provider’s stock worth $6,302,000 after acquiring an additional 146,733 shares in the last quarter. Linscomb Wealth Inc. acquired a new position in Barings Corporate Investors during the first quarter worth $180,000. Atria Wealth Solutions Inc. raised its position in Barings Corporate Investors by 7.1% during the second quarter. Atria Wealth Solutions Inc. now owns 142,507 shares of the financial services provider’s stock worth $2,653,000 after acquiring an additional 9,392 shares during the period. Secure Asset Management LLC purchased a new position in Barings Corporate Investors during the second quarter valued at $2,800,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Barings Corporate Investors by 21.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 11,156 shares during the period.

Barings Corporate Investors Trading Down 0.3 %

MCI stock traded down $0.05 during trading on Friday, hitting $19.78. The stock had a trading volume of 578 shares, compared to its average volume of 32,175. Barings Corporate Investors has a twelve month low of $15.41 and a twelve month high of $20.48. The company’s 50-day moving average price is $19.02 and its two-hundred day moving average price is $18.39.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.09%.

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.