Barings Corporate Investors $MCI Stock Sold by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates reduced its holdings in Barings Corporate Investors (NYSE:MCI) by 13.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 260,773 shares of the financial services provider’s stock after selling 38,976 shares during the quarter. Barings Corporate Investors accounts for about 0.9% of Global Wealth Strategies & Associates’ investment portfolio, making the stock its 19th biggest holding. Global Wealth Strategies & Associates’ holdings in Barings Corporate Investors were worth $4,608,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Secure Asset Management LLC grew its holdings in Barings Corporate Investors by 4.0% during the second quarter. Secure Asset Management LLC now owns 208,965 shares of the financial services provider’s stock worth $3,669,000 after acquiring an additional 8,117 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Barings Corporate Investors during the 2nd quarter worth $214,000. Benjamin Edwards Inc. boosted its position in shares of Barings Corporate Investors by 26.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 42,011 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 8,816 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Barings Corporate Investors during the 2nd quarter worth $1,651,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Barings Corporate Investors in the 2nd quarter valued at about $1,080,000.

Barings Corporate Investors Trading Down 0.0%

Shares of NYSE MCI opened at $17.66 on Friday. Barings Corporate Investors has a 52 week low of $16.21 and a 52 week high of $21.50. The firm has a 50-day moving average price of $18.01 and a 200 day moving average price of $17.76.

Barings Corporate Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $0.40 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.1%.

Barings Corporate Investors Company Profile

Barings Corporate Investors (NYSE: MCI) is a non-diversified, closed-end investment company that seeks to provide investors with current income and long-term capital appreciation. The fund invests primarily in privately issued debt and equity securities of established middle-market companies.

Its portfolio may include senior secured loans, subordinated debt, preferred stock and common equity investments. Through these investments, Barings Corporate Investors provides financing to companies across a range of industries, with an emphasis on privately owned or sponsor-backed businesses in the United States and other North American markets.

The company was established in 1971 and is advised by Barings LLC, a global investment manager.