Barings Corporate Investors $MCI is BHK Investment Advisors LLC’s 8th Largest Position

BHK Investment Advisors LLC increased its position in Barings Corporate Investors (NYSE:MCI) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,189 shares of the financial services provider’s stock after purchasing an additional 30,439 shares during the period. Barings Corporate Investors accounts for 3.1% of BHK Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. BHK Investment Advisors LLC’s holdings in Barings Corporate Investors were worth $7,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Barings Corporate Investors during the second quarter valued at $46,000. Whipplewood Advisors LLC increased its stake in shares of Barings Corporate Investors by 773.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,613 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 2,314 shares in the last quarter. PKS Advisory Services LLC purchased a new position in Barings Corporate Investors during the 1st quarter valued at about $225,000. MGB Wealth Management LLC bought a new stake in Barings Corporate Investors during the first quarter worth about $397,000. Finally, ST Germain D J Co. Inc. grew its holdings in Barings Corporate Investors by 57.0% in the second quarter. ST Germain D J Co. Inc. now owns 18,105 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 6,570 shares during the period.

Barings Corporate Investors Stock Up 0.0%

Shares of NYSE MCI opened at $20.10 on Friday. The company has a 50 day simple moving average of $20.86 and a two-hundred day simple moving average of $20.73. Barings Corporate Investors has a fifty-two week low of $18.60 and a fifty-two week high of $25.24.

Barings Corporate Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Monday, November 3rd.

Barings Corporate Investors Profile

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.