LM Advisors LLC Purchases Shares of 174,217 Barings Corporate Investors $MCI

LM Advisors LLC purchased a new position in Barings Corporate Investors (NYSE:MCI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 174,217 shares of the financial services provider’s stock, valued at approximately $1,948,000.

A number of other hedge funds have also recently modified their holdings of MCI. Bank of America Corp DE boosted its holdings in shares of Barings Corporate Investors by 2.0% during the second quarter. Bank of America Corp DE now owns 38,320 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 735 shares during the period. World Investment Advisors increased its holdings in Barings Corporate Investors by 2.1% during the 4th quarter. World Investment Advisors now owns 40,606 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 838 shares during the period. Whipplewood Advisors LLC raised its position in Barings Corporate Investors by 40.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,060 shares during the last quarter. Sky Investment Group LLC lifted its holdings in Barings Corporate Investors by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 1,500 shares during the period. Finally, LPL Financial LLC grew its position in shares of Barings Corporate Investors by 1.3% in the 4th quarter. LPL Financial LLC now owns 123,931 shares of the financial services provider’s stock worth $2,249,000 after buying an additional 1,599 shares during the last quarter.

Barings Corporate Investors Price Performance

MCI opened at $18.31 on Friday. Barings Corporate Investors has a 52-week low of $16.21 and a 52-week high of $23.00. The stock’s 50 day moving average price is $17.20 and its 200-day moving average price is $18.13.

Barings Corporate Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Friday, August 28th.

Barings Corporate Investors Company Profile

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.