Barings Corporate Investors (NYSE:MCI) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Barings Corporate Investors (NYSE:MCI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.73 and traded as low as $20.63. Barings Corporate Investors shares last traded at $20.7950, with a volume of 16,169 shares changing hands.

Barings Corporate Investors Price Performance

The business’s fifty day moving average is $20.71 and its two-hundred day moving average is $20.73.

Barings Corporate Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $0.40 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 7.7%.

Institutional Investors Weigh In On Barings Corporate Investors

Several large investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in Barings Corporate Investors in the 3rd quarter worth about $50,000. Susquehanna International Group LLP purchased a new stake in shares of Barings Corporate Investors during the 3rd quarter valued at about $259,000. Focus Partners Wealth grew its stake in shares of Barings Corporate Investors by 85.7% in the third quarter. Focus Partners Wealth now owns 35,723 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 16,485 shares during the period. Bank of America Corp DE raised its holdings in shares of Barings Corporate Investors by 12.6% during the third quarter. Bank of America Corp DE now owns 43,138 shares of the financial services provider’s stock valued at $896,000 after purchasing an additional 4,818 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Barings Corporate Investors during the third quarter valued at approximately $311,000.

Barings Corporate Investors Company 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.