Raymond James Trust N.A. Buys Shares of 14,824 Barings Corporate Investors (MCI)
Raymond James Trust N.A. bought a new position in Barings Corporate Investors (NYSE:MCI) in the 1st quarter, HoldingsChannel reports. The firm bought 14,824 shares of the financial services provider’s stock, valued at approximately $229,000.
Several other hedge funds have also recently modified their holdings of MCI. Wells Fargo & Company MN raised its position in shares of Barings Corporate Investors by 165.8% in the 3rd quarter. Wells Fargo & Company MN now owns 36,285 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 22,636 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in Barings Corporate Investors during the 4th quarter valued at about $251,000. Advisor Group Inc. increased its position in Barings Corporate Investors by 70.7% during the 4th quarter. Advisor Group Inc. now owns 32,148 shares of the financial services provider’s stock valued at $472,000 after buying an additional 13,313 shares in the last quarter. Peoples Bank OH acquired a new position in Barings Corporate Investors during the 4th quarter valued at about $193,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in Barings Corporate Investors during the 1st quarter valued at about $202,000. Institutional investors and hedge funds own 11.82% of the company’s stock.
Shares of NYSE:MCI opened at $15.94 on Tuesday. Barings Corporate Investors has a 1 year low of $14.70 and a 1 year high of $16.72.
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.
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