MFS Charter Income Trust (NYSE:MCR) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,022 shares of the financial services provider’s stock after purchasing an additional 2,500 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MFS Charter Income Trust were worth $433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in MFS Charter Income Trust by 2.6% during the third quarter. Commonwealth Equity Services LLC now owns 163,083 shares of the financial services provider’s stock worth $954,000 after buying an additional 4,179 shares during the last quarter. Shaker Financial Services LLC raised its position in MFS Charter Income Trust by 108.2% in the third quarter. Shaker Financial Services LLC now owns 218,571 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 113,580 shares during the period. Landscape Capital Management L.L.C. raised its position in MFS Charter Income Trust by 66.7% in the third quarter. Landscape Capital Management L.L.C. now owns 27,876 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 11,156 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in MFS Charter Income Trust by 78.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 75,939 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 33,287 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in MFS Charter Income Trust in the third quarter valued at $71,000.

MFS Charter Income Trust Stock Performance

NYSE:MCR opened at $6.10 on Friday. MFS Charter Income Trust has a 52 week low of $5.63 and a 52 week high of $6.70. The stock’s fifty day moving average is $6.28 and its two-hundred day moving average is $6.21.

MFS Charter Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be issued a $0.046 dividend. This represents a $0.55 annualized dividend and a dividend yield of 9.05%. The ex-dividend date is Tuesday, April 16th. This is an increase 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.