Riverbridge Partners LLC Increases Stock Holdings in MFS Charter Income Trust $MCR

Riverbridge Partners LLC increased its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 89.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 193,336 shares of the financial services provider’s stock after acquiring an additional 91,541 shares during the quarter. Riverbridge Partners LLC’s holdings in MFS Charter Income Trust were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pathstone Holdings LLC lifted its stake in MFS Charter Income Trust by 15.0% during the 3rd quarter. Pathstone Holdings LLC now owns 441,296 shares of the financial services provider’s stock valued at $2,833,000 after acquiring an additional 57,658 shares in the last quarter. GraniteShares Advisors LLC boosted its holdings in MFS Charter Income Trust by 9.7% during the 3rd quarter. GraniteShares Advisors LLC now owns 480,950 shares of the financial services provider’s stock worth $3,088,000 after acquiring an additional 42,364 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of MFS Charter Income Trust in the 3rd quarter worth $230,000. Shaker Financial Services LLC grew its stake in shares of MFS Charter Income Trust by 10.2% in the 3rd quarter. Shaker Financial Services LLC now owns 376,312 shares of the financial services provider’s stock worth $2,416,000 after acquiring an additional 34,958 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of MFS Charter Income Trust by 36.1% in the third quarter. UBS Group AG now owns 122,116 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 32,395 shares during the last quarter.

MFS Charter Income Trust Price Performance

MCR opened at $5.87 on Friday. MFS Charter Income Trust has a fifty-two week low of $5.57 and a fifty-two week high of $6.58. The company’s 50-day moving average is $6.19 and its 200 day moving average is $6.29.

MFS Charter Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.045 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 9.2%.

About MFS Charter Income Trust

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.