Mayfair Advisory Group LLC Invests $224,000 in Barings Corporate Investors (NYSE:MCI)

Mayfair Advisory Group LLC acquired a new position in shares of Barings Corporate Investors (NYSE:MCI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,983 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of MCI. Future Financial Wealth Managment LLC grew its stake in Barings Corporate Investors by 1.7% during 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. Sky Investment Group LLC grew its position in shares of 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 worth $3,398,000 after acquiring an additional 5,025 shares during the last quarter. Atria Wealth Solutions Inc. increased 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 acquiring an additional 9,392 shares during the period. Linscomb Wealth Inc. purchased a new stake in Barings Corporate Investors in the 1st quarter valued at $180,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Barings Corporate Investors by 21.9% during 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 purchasing an additional 11,156 shares during the period.

Barings Corporate Investors Price Performance

Shares of Barings Corporate Investors stock opened at $19.76 on Friday. The company’s fifty day moving average is $19.05 and its two-hundred day moving average is $18.40. Barings Corporate Investors has a 1 year low of $15.41 and a 1 year high of $20.48.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 8.10%. The ex-dividend date is Monday, November 4th.

Barings Corporate Investors Company 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.