TSP Capital Management Group LLC Sells 576 Shares of Barings Corporate Investors (NYSE:MCI)

TSP Capital Management Group LLC cut its holdings in Barings Corporate Investors (NYSE:MCI) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 87,293 shares of the financial services provider’s stock after selling 576 shares during the period. TSP Capital Management Group LLC’s holdings in Barings Corporate Investors were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MCI. Secure Asset Management LLC raised its position in Barings Corporate Investors by 7.5% in the third quarter. Secure Asset Management LLC now owns 161,631 shares of the financial services provider’s stock worth $3,221,000 after acquiring an additional 11,273 shares during the period. Sky Investment Group LLC raised its position in Barings Corporate Investors by 3.0% in the third quarter. Sky Investment Group LLC now owns 170,489 shares of the financial services provider’s stock worth $3,398,000 after acquiring an additional 5,025 shares during the period. Mayfair Advisory Group LLC bought a new position in Barings Corporate Investors in the third quarter worth approximately $224,000. Commerce Bank raised its position in Barings Corporate Investors by 426.7% in the third quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock worth $1,451,000 after acquiring an additional 58,994 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in Barings Corporate Investors in the third quarter worth approximately $603,000.

Barings Corporate Investors Stock Performance

Shares of MCI stock opened at $21.47 on Friday. The company’s fifty day moving average price is $20.50 and its 200-day moving average price is $19.56. Barings Corporate Investors has a one year low of $16.91 and a one year high of $21.72.

Barings Corporate Investors Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 30th were issued a dividend of $0.10 per share. 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.