MFS Charter Income Trust $MCR Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 513,827 shares of the financial services provider’s stock after selling 53,825 shares during the quarter. Invesco Ltd.’s holdings in MFS Charter Income Trust were worth $3,222,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Readystate Asset Management LP purchased a new stake in MFS Charter Income Trust in the first quarter valued at approximately $125,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of MFS Charter Income Trust by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 108,616 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 16,926 shares during the last quarter. Riverbridge Partners LLC grew its stake in shares of MFS Charter Income Trust by 11.0% during the 1st quarter. Riverbridge Partners LLC now owns 95,929 shares of the financial services provider’s stock valued at $601,000 after buying an additional 9,533 shares during the period. GraniteShares Advisors LLC grew its stake in shares of MFS Charter Income Trust by 6.5% during the 1st quarter. GraniteShares Advisors LLC now owns 411,174 shares of the financial services provider’s stock valued at $2,578,000 after buying an additional 24,920 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in MFS Charter Income Trust in the first quarter valued at $71,000.

MFS Charter Income Trust Price Performance

MCR stock opened at $6.39 on Friday. The stock has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $6.28. MFS Charter Income Trust has a 12-month low of $5.57 and a 12-month high of $6.58.

MFS Charter Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.0448 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Tuesday, August 19th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.

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.