Barings Corporate Investors $MCI Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in shares of Barings Corporate Investors (NYSE:MCI) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 61,418 shares of the financial services provider’s stock after purchasing an additional 895 shares during the period. Atria Wealth Solutions Inc. owned approximately 0.30% of Barings Corporate Investors worth $1,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in Barings Corporate Investors by 39.1% during the 1st quarter. Invesco Ltd. now owns 235,814 shares of the financial services provider’s stock worth $5,527,000 after purchasing an additional 66,263 shares during the period. Global Wealth Strategies & Associates grew its position in shares of Barings Corporate Investors by 3.3% during the 2nd quarter. Global Wealth Strategies & Associates now owns 226,071 shares of the financial services provider’s stock valued at $4,897,000 after acquiring an additional 7,312 shares during the period. Smith Asset Management Co. LLC acquired a new stake in shares of Barings Corporate Investors during the 1st quarter valued at about $5,088,000. Secure Asset Management LLC grew its position in shares of Barings Corporate Investors by 4.2% during the 2nd quarter. Secure Asset Management LLC now owns 176,900 shares of the financial services provider’s stock valued at $3,832,000 after acquiring an additional 7,062 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Barings Corporate Investors by 4.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 103,609 shares of the financial services provider’s stock valued at $2,244,000 after acquiring an additional 4,201 shares during the period.

Barings Corporate Investors Stock Performance

NYSE:MCI opened at $19.98 on Friday. Barings Corporate Investors has a 52 week low of $18.60 and a 52 week high of $25.24. The stock’s 50-day moving average price is $21.00 and its 200-day moving average price is $20.82.

Barings Corporate Investors Announces Dividend

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

About Barings Corporate Investors

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.