Shaker Financial Services LLC Acquires 27,153 Shares of MFS Charter Income Trust $MCR

Shaker Financial Services LLC increased its holdings in MFS Charter Income Trust (NYSE:MCR) by 8.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 341,354 shares of the financial services provider’s stock after purchasing an additional 27,153 shares during the period. Shaker Financial Services LLC’s holdings in MFS Charter Income Trust were worth $2,171,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MCR. Sit Investment Associates Inc. boosted its holdings in shares of MFS Charter Income Trust by 17.8% during the 1st quarter. Sit Investment Associates Inc. now owns 2,451,127 shares of the financial services provider’s stock valued at $15,369,000 after acquiring an additional 370,040 shares during the last quarter. GraniteShares Advisors LLC lifted its position in MFS Charter Income Trust by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 438,586 shares of the financial services provider’s stock valued at $2,789,000 after purchasing an additional 27,412 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in MFS Charter Income Trust by 18.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 108,616 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 16,926 shares during the last quarter. Riverbridge Partners LLC grew its position in MFS Charter Income Trust by 3.7% in the 2nd quarter. Riverbridge Partners LLC now owns 99,515 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 3,586 shares during the period. Finally, Ethos Financial Group LLC bought a new stake in MFS Charter Income Trust in the 1st quarter worth approximately $154,000.

MFS Charter Income Trust Price Performance

NYSE MCR opened at $6.35 on Monday. MFS Charter Income Trust has a 1-year low of $5.57 and a 1-year high of $6.58. The business’s fifty day moving average price is $6.40 and its 200-day moving average price is $6.33.

MFS Charter Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th were issued a $0.0453 dividend. This is a positive change from MFS Charter Income Trust’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend was Tuesday, October 14th.

About MFS Charter Income Trust

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.