Barings Corporate Investors (NYSE:MCI) Shares Cross Below 50 Day Moving Average – Time to Sell?

Shares of Barings Corporate Investors (NYSE:MCI – Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.44 and traded as low as $17.11. Barings Corporate Investors shares last traded at $17.2190, with a volume of 19,628 shares trading hands.

Barings Corporate Investors Stock Performance

The firm’s 50-day simple moving average is $17.44 and its 200 day simple moving average is $18.71.

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Barings Corporate Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.60 annualized dividend and a yield of 9.3%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MCI. Advisory Services Network LLC bought a new position in Barings Corporate Investors in the third quarter valued at about $50,000. Fifth Third Bancorp bought a new stake in shares of Barings Corporate Investors in the first quarter worth $120,000. Kovack Advisors Inc. acquired a new stake in Barings Corporate Investors in the fourth quarter valued at $202,000. Susquehanna International Group LLP acquired a new stake in Barings Corporate Investors in the third quarter valued at $259,000. Finally, Huntington National Bank raised its position in Barings Corporate Investors by 13.4% during the 4th quarter. Huntington National Bank now owns 13,500 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 1,600 shares during the last quarter.

About Barings Corporate Investors

(Get Free Report)

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.

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