Rivernorth Capital Management LLC Has $5.06 Million Holdings in Barings Participation Investors (NYSE:MPV)

Rivernorth Capital Management LLC lessened its holdings in shares of Barings Participation Investors (NYSE:MPV) by 31.3% in the third quarter, Holdings Channel.com reports. The fund owned 298,560 shares of the financial services provider’s stock after selling 136,306 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Barings Participation Investors were worth $5,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its stake in shares of Barings Participation Investors by 2.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 258,199 shares of the financial services provider’s stock valued at $4,265,000 after acquiring an additional 5,163 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Barings Participation Investors during the third quarter worth about $4,651,000. Schwallier Wealth Management LLC grew its stake in Barings Participation Investors by 2.2% in the third quarter. Schwallier Wealth Management LLC now owns 42,046 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 918 shares during the period. Cetera Investment Advisers increased its stake in Barings Participation Investors by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 91,903 shares of the financial services provider’s stock worth $1,518,000 after purchasing an additional 5,270 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Barings Participation Investors by 11.3% during the 2nd 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 period.

Barings Participation Investors Trading Down 0.1 %

Barings Participation Investors stock opened at $17.12 on Friday. The company has a 50 day moving average of $16.88 and a 200-day moving average of $16.44. Barings Participation Investors has a twelve month low of $13.86 and a twelve month high of $17.66.

Barings Participation Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.64%.

Barings Participation Investors 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.