Barings Participation Investors (NYSE:MPV) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Barings Participation Investors (NYSE:MPV)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.87 and traded as high as $17.16. Barings Participation Investors shares last traded at $17.10, with a volume of 25,487 shares.

Barings Participation Investors Trading Up 1.2 %

The firm has a 50-day moving average of $16.87 and a two-hundred day moving average of $16.64.

Barings Participation Investors Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 30th were issued a dividend of $0.10 per share. This represents a dividend yield of 8.6%. The ex-dividend date was Monday, December 30th.

Institutional Trading of Barings Participation Investors

A number of hedge funds have recently added to or reduced their stakes in MPV. Barings LLC raised its position in shares of Barings Participation Investors by 1.1% in the fourth quarter. Barings LLC now owns 271,316 shares of the financial services provider’s stock worth $4,637,000 after acquiring an additional 2,936 shares during the period. Raymond James Financial Inc. acquired a new position in Barings Participation Investors in the 4th quarter worth about $648,000. Jones Financial Companies Lllp boosted its position in Barings Participation Investors by 12.9% during the fourth quarter. Jones Financial Companies Lllp now owns 20,484 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 2,348 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Barings Participation Investors in the fourth quarter valued at approximately $34,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Barings Participation Investors in the fourth quarter valued at approximately $108,000.

Barings Participation Investors Company Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.