Barings Corporate Investors (NYSE:MCI) Holdings Cut by BHK Investment Advisors LLC


BHK Investment Advisors LLC reduced its equity position in Barings Corporate Investors (NYSE:MCI – Get Rating) by 2.4% in the third quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor owned 365,880 shares in the financial services provider after selling 8,946 of his shares during the period. Barings Corporate Investors represents approximately 2.4% of BHK Investment Advisors LLC’s investment portfolio, making the stock his 11th largest holding. BHK Investment Advisors LLC’s Barings Corporate Investors holdings were valued at $4,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently increased or decreased their stakes in the company. Benjamin F. Edwards & Company Inc. increased his position at Barings Corporate Investors by 9.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 157,113 shares of the financial services provider worth $2,035,000 after he purchased an additional 13,081 shares last quarter. Future Financial Wealth Management LLC increased his stake in Barings Corporate by 3.6% in the third quarter. Future Financial Wealth Management LLC now owns 55,521 shares of the financial services provider worth $745,000 after purchasing an additional 1,953 of his shares during this period. Creative Planning purchased approximately $27,000 worth of new shares in Barings Corporate Investors in the second quarter. Atria Wealth Solutions Inc. increased its stake in Barings Corporate Investors by 77.5% in the second quarter. Atria Wealth Solutions Inc. now owns 21,361 shares of the financial services provider worth $286,000 after acquiring an additional 9,330 shares during this period. Finally, Envestnet Asset Management Inc. increased its stake in Barings Corporate Investors by 44.6% in the second quarter. Envestnet Asset Management Inc. now owns 27,968 shares of the financial services provider worth $375,000 after acquiring an additional 8,622 shares during this period.

Stock Performance of Barings Corporate Investors

The NYSE MCI fell $0.11 on Friday to reach $13.80. The company’s stock had a trading volume of 200 shares compared to his average trading volume of 16,469 shares. His 52-week low is $12.43 and his 52-week high is $16.75 on Barings Corporate Investors. His 50-day moving average price for this business is $13.64 and his 200-day moving average price is $13.70.

Barings Corporate Investor Increases Dividend

The company recently announced a quarterly dividend payable on Friday, January 20th. Dividends of $0.28 per share will be paid to shareholders of record on Friday, December 30. This represents his $1.12 dividend and his 8.12% yield on an annualized basis. This is up from Barings Corporate Investors’ previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 29.

Barings Corporate Investor Profile

(get rating)

Babson Capital Corporate Investors Trust is a closed-end fixed income mutual fund launched and managed by Barings LLC. Invests in the US bond market. The fund seeks to invest in the securities of companies operating in diverse sectors. It invests primarily in a portfolio of long-term, below-investment-grade corporate bonds in private placements.

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Quarterly Institutional Ownership of Barings Corporate Investors (NYSE:MCI)

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