Riverbridge Partners LLC Grows Stock Position in MFS Charter Income Trust (NYSE:MCR)

Riverbridge Partners LLC boosted its position in shares of MFS Charter Income Trust (NYSE:MCR) by 124.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,396 shares of the financial services provider’s stock after buying an additional 47,909 shares during the quarter. Riverbridge Partners LLC’s holdings in MFS Charter Income Trust were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of MFS Charter Income Trust by 233.2% during the 3rd quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 4,430 shares during the period. Melfa Wealth Management Inc. purchased a new position in shares of MFS Charter Income Trust during the fourth quarter valued at approximately $129,000. Valley Brook Capital Group Inc. grew its stake in shares of MFS Charter Income Trust by 15.8% during the third quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock valued at $170,000 after buying an additional 3,543 shares during the last quarter. L.M. Kohn & Company raised its holdings in shares of MFS Charter Income Trust by 27.6% in the third quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock worth $251,000 after buying an additional 8,261 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings 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 acquiring an additional 2,324 shares during the period.

MFS Charter Income Trust Stock Up 0.7 %

Shares of MFS Charter Income Trust stock opened at $6.34 on Friday. MFS Charter Income Trust has a 52 week low of $6.01 and a 52 week high of $6.58. The stock’s fifty day moving average is $6.29 and its two-hundred day moving average is $6.36.

MFS Charter Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be paid a $0.0454 dividend. This represents a $0.55 annualized dividend and a yield of 8.61%. The ex-dividend date is Tuesday, January 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.