Linscomb Wealth Inc. Takes $180,000 Position in Barings Corporate Investors (NYSE:MCI)

Linscomb Wealth Inc. bought a new stake in Barings Corporate Investors (NYSE:MCI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,500 shares of the financial services provider’s stock, valued at approximately $180,000. Linscomb Wealth Inc. owned 0.05% of Barings Corporate Investors as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MCI. BHK Investment Advisors LLC boosted its position in Barings Corporate Investors by 66.7% during the first quarter. BHK Investment Advisors LLC now owns 366,629 shares of the financial services provider’s stock worth $6,302,000 after acquiring an additional 146,733 shares during the last quarter. RFG Advisory LLC boosted its position in Barings Corporate Investors by 26.2% during the first quarter. RFG Advisory LLC now owns 154,503 shares of the financial services provider’s stock worth $2,656,000 after acquiring an additional 32,068 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in Barings Corporate Investors by 46.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 101,703 shares of the financial services provider’s stock worth $1,877,000 after acquiring an additional 32,170 shares during the last quarter. Future Financial Wealth Managment LLC boosted its position in Barings Corporate Investors by 9.4% during the fourth quarter. Future Financial Wealth Managment LLC now owns 47,718 shares of the financial services provider’s stock worth $879,000 after acquiring an additional 4,107 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its position in Barings Corporate Investors by 41.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 46,125 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 13,455 shares during the last quarter.

Barings Corporate Investors Stock Performance

MCI traded up $0.07 on Friday, reaching $18.77. 12,237 shares of the company’s stock were exchanged, compared to its average volume of 20,923. Barings Corporate Investors has a twelve month low of $14.36 and a twelve month high of $19.24. The stock’s fifty day moving average price is $18.20 and its 200-day moving average price is $18.14.

Barings Corporate Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Barings Corporate Investors’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 8.31%.

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.