Barings Corporate Investors (NYSE:MCI) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Barings Corporate Investors (NYSE:MCI) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.81 and traded as low as $19.14. Barings Corporate Investors shares last traded at $19.40, with a volume of 26,787 shares traded.

Barings Corporate Investors Stock Up 0.1%

The stock’s fifty day moving average price is $20.49 and its 200 day moving average price is $20.82.

Barings Corporate Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, December 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, December 30th.

Hedge Funds Weigh In On Barings Corporate Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Barings Corporate Investors by 39.1% during the 1st quarter. Invesco Ltd. now owns 235,814 shares of the financial services provider’s stock valued at $5,527,000 after buying an additional 66,263 shares in the last quarter. PKS Advisory Services LLC bought a new position in Barings Corporate Investors during the first quarter valued at approximately $225,000. Jones Financial Companies Lllp grew its position in Barings Corporate Investors by 703.5% during the first quarter. Jones Financial Companies Lllp now owns 22,217 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 19,452 shares during the last quarter. Smith Asset Management Co. LLC purchased a new position in shares of Barings Corporate Investors during the first quarter worth approximately $5,088,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Barings Corporate Investors by 3.3% in the 2nd quarter. Global Wealth Strategies & Associates now owns 226,071 shares of the financial services provider’s stock worth $4,897,000 after acquiring an additional 7,312 shares during the last quarter.

About Barings Corporate Investors

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.