Whipplewood Advisors LLC Acquires New Holdings in Barings Corporate Investors (NYSE:MCI)

Whipplewood Advisors LLC acquired a new stake in shares of Barings Corporate Investors (NYSE:MCI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,530 shares of the financial services provider’s stock, valued at approximately $357,000.

Several other institutional investors also recently bought and sold shares of MCI. Consolidated Portfolio Review Corp purchased a new position in Barings Corporate Investors during the fourth quarter valued at approximately $206,000. Sanctuary Advisors LLC purchased a new position in Barings Corporate Investors during the fourth quarter valued at approximately $206,000. IFP Advisors Inc purchased a new position in Barings Corporate Investors during the fourth quarter valued at approximately $326,000. ST Germain D J Co. Inc. increased its holdings in Barings Corporate Investors by 49.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 17,925 shares of the financial services provider’s stock valued at $365,000 after buying an additional 5,940 shares during the period. Finally, Round Rock Advisors LLC purchased a new position in Barings Corporate Investors during the fourth quarter valued at approximately $384,000.

Barings Corporate Investors Price Performance

Shares of MCI stock opened at $21.15 on Thursday. Barings Corporate Investors has a 52-week low of $16.91 and a 52-week high of $25.24. The company’s 50 day moving average is $21.02 and its 200 day moving average is $19.88.

Barings Corporate Investors Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 30th were paid a $0.10 dividend. The ex-dividend date was Monday, December 30th. This represents a yield of 8%.

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.