Barings Participation Investors (NYSE:MPV) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Barings Participation Investors (NYSE:MPV) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.90 and traded as low as $16.90. Barings Participation Investors shares last traded at $17.06, with a volume of 18,931 shares changing hands.

Barings Participation Investors Trading Up 0.2 %

The company has a 50-day moving average of $16.89 and a 200-day moving average of $16.61.

Barings Participation Investors Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 8.6%.

Institutional Trading of Barings Participation Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new position in Barings Participation Investors during the 3rd quarter worth approximately $4,651,000. Sanctuary Advisors LLC acquired a new stake in shares of Barings Participation Investors during the second quarter worth $314,000. Truist Financial Corp raised its stake in Barings Participation Investors by 11.3% during the second quarter. Truist Financial Corp now owns 82,770 shares of the financial services provider’s stock worth $1,367,000 after buying an additional 8,390 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Barings Participation Investors by 6.1% in the second quarter. Cetera Investment Advisers now owns 91,903 shares of the financial services provider’s stock valued at $1,518,000 after buying an additional 5,270 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Barings Participation Investors by 2.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 258,199 shares of the financial services provider’s stock valued at $4,265,000 after buying an additional 5,163 shares during the period.

Barings Participation Investors Company Profile

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.