Commonwealth Equity Services LLC Boosts Stock Position in MFS Charter Income Trust (NYSE:MCR)

Commonwealth Equity Services LLC lifted its position in MFS Charter Income Trust (NYSE:MCR) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 126,218 shares of the financial services provider’s stock after purchasing an additional 4,747 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MFS Charter Income Trust were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCR. Melfa Wealth Management Inc. acquired a new stake in MFS Charter Income Trust during the 4th quarter valued at approximately $129,000. Strategic Financial Concepts LLC purchased a new position in shares of MFS Charter Income Trust during the fourth quarter worth $265,000. Riverbridge Partners LLC lifted its position in MFS Charter Income Trust by 124.5% during the fourth quarter. Riverbridge Partners LLC now owns 86,396 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 47,909 shares during the period. Raymond James Financial Inc. purchased a new stake in MFS Charter Income Trust in the fourth quarter valued at $776,000. Finally, Stifel Financial Corp grew its position in MFS Charter Income Trust by 13.5% during the 3rd quarter. Stifel Financial Corp now owns 179,664 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 21,350 shares during the period.

MFS Charter Income Trust Price Performance

Shares of MCR stock opened at $6.32 on Thursday. MFS Charter Income Trust has a 52-week low of $6.01 and a 52-week high of $6.58. The business has a 50-day simple moving average of $6.35 and a 200-day simple moving average of $6.35.

MFS Charter Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0448 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.50%.

MFS Charter Income Trust Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.