IFP Advisors Inc Invests $326,000 in Barings Corporate Investors (NYSE:MCI)

IFP Advisors Inc purchased a new position in Barings Corporate Investors (NYSE:MCI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,000 shares of the financial services provider’s stock, valued at approximately $326,000. IFP Advisors Inc owned 0.08% of Barings Corporate Investors as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Round Rock Advisors LLC purchased a new stake in shares of Barings Corporate Investors in the 4th quarter worth approximately $384,000. Secure Asset Management LLC lifted its position in shares of Barings Corporate Investors by 8.0% in the 4th quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider’s stock worth $3,559,000 after purchasing an additional 13,010 shares during the period. Commerce Bank lifted its position in shares of Barings Corporate Investors by 426.7% in the 3rd quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock worth $1,451,000 after purchasing an additional 58,994 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Barings Corporate Investors in the 3rd quarter worth approximately $603,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Barings Corporate Investors by 3.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider’s stock worth $1,233,000 after purchasing an additional 1,989 shares during the period.

Barings Corporate Investors Stock Up 0.6 %

Shares of MCI opened at $21.03 on Friday. The company has a 50 day moving average price of $21.09 and a 200-day moving average price of $19.94. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $25.24.

Barings Corporate Investors Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 30th were given a dividend of $0.10 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 8%.

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.