Barings Participation Investors (NYSE:MPV) Shares Cross Above Fifty Day Moving Average – Here’s Why

Barings Participation Investors (NYSE:MPV) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.73 and traded as high as $19.61. Barings Participation Investors shares last traded at $19.45, with a volume of 21,030 shares traded.

Barings Participation Investors Stock Performance

The stock’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.00.

Barings Participation Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.48 annualized dividend and a yield of 7.61%.

Institutional Trading of Barings Participation Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new stake in Barings Participation Investors in the 4th quarter worth approximately $34,000. Oppenheimer & Co. Inc. purchased a new stake in Barings Participation Investors in the 1st quarter worth approximately $316,000. Jones Financial Companies Lllp grew its stake in Barings Participation Investors by 12.9% in the 4th quarter. Jones Financial Companies Lllp now owns 20,484 shares of the financial services provider’s stock worth $350,000 after acquiring an additional 2,348 shares during the period. Virtus ETF Advisers LLC grew its stake in Barings Participation Investors by 31.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 33,899 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 8,122 shares during the period. Finally, LPL Financial LLC grew its stake in Barings Participation Investors by 166.5% in the 4th quarter. LPL Financial LLC now owns 34,355 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 21,463 shares during the period.

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.