Shaker Financial Services LLC Lowers Position in MFS Charter Income Trust (NYSE:MCR)

Shaker Financial Services LLC reduced its stake in MFS Charter Income Trust (NYSE:MCR) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 413,834 shares of the financial services provider’s stock after selling 62,587 shares during the period. Shaker Financial Services LLC’s holdings in MFS Charter Income Trust were worth $2,595,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its stake in MFS Charter Income Trust by 1.6% during the second 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 during the period. L.M. Kohn & Company boosted its position in shares of MFS Charter Income Trust by 10.7% during the 4th quarter. L.M. Kohn & Company now owns 27,197 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 2,623 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in shares of MFS Charter Income Trust by 58.5% in the 1st quarter. Valley Brook Capital Group Inc. now owns 22,350 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 8,250 shares during the last quarter. Atlas Private Wealth Advisors acquired a new stake in shares of MFS Charter Income Trust during the 2nd quarter worth about $75,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of MFS Charter Income Trust by 107.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 19,861 shares in the last quarter.

MFS Charter Income Trust Price Performance

MFS Charter Income Trust stock remained flat at $6.41 during mid-day trading on Thursday. 27,529 shares of the company’s stock traded hands, compared to its average volume of 65,490. MFS Charter Income Trust has a one year low of $5.63 and a one year high of $6.70. The business has a 50-day moving average of $6.35 and a two-hundred day moving average of $6.29.

MFS Charter Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.046 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.61%. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust Company 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.