Barings Participation Investors (NYSE:MPV) Shares Pass Above 50-Day Moving Average – Here’s Why

Barings Participation Investors (NYSE:MPV)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.56 and traded as high as $19.25. Barings Participation Investors shares last traded at $19.1470, with a volume of 7,094 shares trading hands.

Barings Participation Investors Trading Up 0.0%

The company’s 50-day moving average is $18.56 and its two-hundred day moving average is $19.33.

Barings Participation Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 30th were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Barings Participation Investors during the fourth quarter valued at $30,000. Advisory Services Network LLC bought a new position in Barings Participation Investors during the 3rd quarter valued at about $63,000. Envestnet Asset Management Inc. bought a new position in Barings Participation Investors during the 2nd quarter valued at about $208,000. NewEdge Advisors LLC purchased a new stake in shares of Barings Participation Investors during the 2nd quarter valued at about $297,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Barings Participation Investors by 5.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 18,800 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 900 shares during the last quarter.

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. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S.