Shaker Financial Services LLC Acquires 34,463 Shares of MFS Charter Income Trust (NYSE:MCR)

Shaker Financial Services LLC raised its holdings in MFS Charter Income Trust (NYSE:MCR) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 448,297 shares of the financial services provider’s stock after buying an additional 34,463 shares during the quarter. MFS Charter Income Trust accounts for 1.1% of Shaker Financial Services LLC’s investment portfolio, making the stock its 28th largest holding. Shaker Financial Services LLC’s holdings in MFS Charter Income Trust were worth $2,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in MFS Charter Income Trust by 0.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,651,429 shares of the financial services provider’s stock valued at $10,850,000 after acquiring an additional 5,343 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of MFS Charter Income Trust by 1.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 167,051 shares of the financial services provider’s stock worth $1,047,000 after purchasing an additional 2,595 shares in the last quarter. International Assets Investment Management LLC grew its position in MFS Charter Income Trust by 557.0% in the 3rd quarter. International Assets Investment Management LLC now owns 76,705 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 65,030 shares during the period. Concurrent Investment Advisors LLC increased its stake in MFS Charter Income Trust by 6.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,671 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 2,324 shares in the last quarter. Finally, Atlas Private Wealth Advisors bought a new stake in MFS Charter Income Trust during the 2nd quarter valued at $75,000.

MFS Charter Income Trust Stock Up 0.3 %

MFS Charter Income Trust stock opened at $6.34 on Thursday. MFS Charter Income Trust has a 1-year low of $5.88 and a 1-year high of $6.70. The firm’s fifty day moving average price is $6.43 and its two-hundred day moving average price is $6.34.

MFS Charter Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.046 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.55 annualized dividend and a yield of 8.70%.

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.