Shaker Financial Services LLC raised its holdings in shares of MFS Charter Income Trust (NYSE:MCR) by 6.8% during the third quarter, HoldingsChannel reports. The fund owned 68,834 shares of the financial services provider’s stock after purchasing an additional 4,364 shares during the quarter. Shaker Financial Services LLC’s holdings in MFS Charter Income Trust were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Avantax Advisory Services Inc. purchased a new position in shares of MFS Charter Income Trust during the 3rd quarter valued at $86,000. Pinnacle Wealth Planning Services Inc. grew its position in shares of MFS Charter Income Trust by 20.1% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 14,836 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 2,481 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of MFS Charter Income Trust during the 2nd quarter valued at $119,000. Leisure Capital Management purchased a new position in shares of MFS Charter Income Trust during the 2nd quarter valued at $119,000. Finally, Park Avenue Securities LLC purchased a new position in shares of MFS Charter Income Trust during the 2nd quarter valued at $176,000.
MCR opened at $8.48 on Tuesday. The company has a fifty day moving average price of $8.26 and a 200-day moving average price of $8.27. MFS Charter Income Trust has a one year low of $5.49 and a one year high of $8.77.
The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be given a $0.058 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $0.70 annualized dividend and a yield of 8.21%.
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.
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