Equitable Holdings Inc. Makes New Investment in Barings Corporate Investors $MCI

Equitable Holdings Inc. purchased a new stake in shares of Barings Corporate Investors (NYSE:MCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,501 shares of the financial services provider’s stock, valued at approximately $1,080,000. Equitable Holdings Inc. owned 0.30% of Barings Corporate Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of MCI. BOK Financial Private Wealth Inc. acquired a new stake in Barings Corporate Investors in the second quarter worth about $50,000. Advisory Services Network LLC acquired a new position in Barings Corporate Investors during the 3rd quarter valued at about $50,000. Whipplewood Advisors LLC raised its position in shares of Barings Corporate Investors by 40.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock worth $65,000 after buying an additional 1,060 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Barings Corporate Investors during the 1st quarter worth about $120,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Barings Corporate Investors in the 2nd quarter worth approximately $186,000.

Barings Corporate Investors Trading Up 6.7%

Barings Corporate Investors stock opened at $19.64 on Friday. The firm has a 50 day simple moving average of $17.27 and a 200-day simple moving average of $18.06. Barings Corporate Investors has a 12-month low of $16.21 and a 12-month high of $23.00.

Barings Corporate Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, August 28th.

Barings Corporate Investors Company Profile

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.