Greenwich Investment Management Inc. lifted its stake in Barings Participation Investors (NYSE:MPV) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,797 shares of the financial services provider’s stock after purchasing an additional 7,075 shares during the quarter. Barings Participation Investors accounts for 2.2% of Greenwich Investment Management Inc.’s portfolio, making the stock its 15th largest position. Greenwich Investment Management Inc. owned about 1.31% of Barings Participation Investors worth $2,247,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in Barings Participation Investors during the second quarter valued at approximately $93,000. Essex Financial Services Inc. grew its holdings in Barings Participation Investors by 7.9% during the first quarter. Essex Financial Services Inc. now owns 28,138 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 2,057 shares during the last quarter. Advisor Group Inc. grew its holdings in Barings Participation Investors by 13.0% during the second quarter. Advisor Group Inc. now owns 28,004 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 3,215 shares during the last quarter. Barings LLC acquired a new position in Barings Participation Investors during the first quarter valued at approximately $1,035,000. Finally, Commonwealth Equity Services LLC grew its holdings in Barings Participation Investors by 17.6% during the second quarter. Commonwealth Equity Services LLC now owns 117,538 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 17,612 shares during the last quarter. 12.74% of the stock is owned by institutional investors and hedge funds.
Shares of MPV stock opened at $16.17 on Wednesday. Barings Participation Investors has a 12 month low of $14.21 and a 12 month high of $16.95. The company’s 50 day moving average is $16.23.
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.
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