UBS Group AG Boosts Stock Position in MFS Charter Income Trust (NYSE:MCR)

UBS Group AG lifted its holdings in MFS Charter Income Trust (NYSE:MCR – Get Rating) by 144.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 297,219 shares of the financial services provider’s stock after purchasing an additional 175,818 shares during the quarter. UBS Group AG’s holdings in MFS Charter Income Trust were worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCR. Shaker Financial Services LLC lifted its position in MFS Charter Income Trust by 3.5% in the third quarter. Shaker Financial Services LLC now owns 117,973 shares of the financial services provider’s stock worth $702,000 after buying an additional 4,024 shares during the last quarter. Sit Investment Associates Inc. lifted its position in MFS Charter Income Trust by 96.6% in the second quarter. Sit Investment Associates Inc. now owns 406,500 shares of the financial services provider’s stock worth $2,561,000 after buying an additional 199,754 shares during the last quarter. Raymond James & Associates lifted its position in MFS Charter Income Trust by 84.1% in the first quarter. Raymond James & Associates now owns 86,057 shares of the financial services provider’s stock worth $632,000 after buying an additional 39,317 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in MFS Charter Income Trust in the first quarter worth $337,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in MFS Charter Income Trust by 13.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,629 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,600 shares during the last quarter.

MFS Charter Income Trust Stock Performance

Shares of MCR opened at $6.57 on Thursday. The business has a fifty day moving average of $6.56 and a 200 day moving average of $6.44. MFS Charter Income Trust has a 52-week low of $5.80 and a 52-week high of $7.54.

MFS Charter Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a $0.046 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.55 dividend on an annualized basis and a yield of 8.40%.

MFS Charter Income Trust Company Profile

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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.