Barings Corporate Investors (NYSE:MCI) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Barings Corporate Investors (NYSE:MCI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.55 and traded as low as $16.62. Barings Corporate Investors shares last traded at $16.66, with a volume of 40,901 shares trading hands.

Barings Corporate Investors Stock Down 1.5%

The firm has a 50 day moving average price of $17.38 and a 200-day moving average price of $18.55.

Barings Corporate Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.6%. The ex-dividend date was Friday, May 29th.

Institutional Trading of Barings Corporate Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of Barings Corporate Investors during the third quarter worth $50,000. Fifth Third Bancorp acquired a new position in Barings Corporate Investors during the first quarter valued at $120,000. Kovack Advisors Inc. purchased a new stake in Barings Corporate Investors in the fourth quarter valued at $202,000. Susquehanna International Group LLP purchased a new stake in Barings Corporate Investors in the third quarter valued at $259,000. Finally, Huntington National Bank grew its position in Barings Corporate Investors by 13.4% during the 4th quarter. Huntington National Bank now owns 13,500 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 1,600 shares during the period.

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.