MFS Charter Income Trust (NYSE:MCR) Stock Position Cut by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of MFS Charter Income Trust (NYSE:MCR) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,477 shares of the financial services provider’s stock after selling 1,776 shares during the period. Raymond James & Associates’ holdings in MFS Charter Income Trust were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. L.M. Kohn & Company boosted its position in shares of MFS Charter Income Trust by 9.5% during the 3rd quarter. L.M. Kohn & Company now owns 24,574 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 2,124 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of MFS Charter Income Trust by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 163,083 shares of the financial services provider’s stock valued at $954,000 after purchasing an additional 4,179 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of MFS Charter Income Trust by 66.7% during the 3rd 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 in the last quarter. Park Avenue Securities LLC bought a new position in shares of MFS Charter Income Trust during the 3rd quarter valued at about $71,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of MFS Charter Income Trust by 78.0% during the 3rd 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 in the last quarter.

MFS Charter Income Trust Stock Performance

NYSE:MCR opened at $6.15 on Monday. MFS Charter Income Trust has a twelve month low of $5.63 and a twelve month high of $6.70. The company has a 50-day moving average of $6.25 and a 200-day moving average of $6.22.

MFS Charter Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 8.98%. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, April 16th.

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.