Barings Participation Investors (NYSE:MPV) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Barings Participation Investors (NYSE:MPV)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.28 and traded as low as $16.20. Barings Participation Investors shares last traded at $16.31, with a volume of 22,663 shares.

Barings Participation Investors Stock Up 1.4 %

The firm’s 50 day moving average is $16.85 and its two-hundred day moving average is $16.28.

Barings Participation Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.37 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.48 annualized dividend and a yield of 8.80%.

Hedge Funds Weigh In On Barings Participation Investors

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC raised its holdings in shares of Barings Participation Investors by 83.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 2,140 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 975 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Barings Participation Investors in the 2nd quarter worth about $314,000. Schwallier Wealth Management LLC grew its position in Barings Participation Investors by 2.2% in the 3rd quarter. Schwallier Wealth Management LLC now owns 42,046 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 918 shares in the last quarter. Truist Financial Corp grew its position in Barings Participation Investors by 11.3% in the 2nd quarter. Truist Financial Corp now owns 82,770 shares of the financial services provider’s stock worth $1,367,000 after purchasing an additional 8,390 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Barings Participation Investors by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 91,903 shares of the financial services provider’s stock worth $1,518,000 after purchasing an additional 5,270 shares in the last quarter.

About Barings Participation Investors

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.