MFS Charter Income Trust $MCR Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC raised its position in MFS Charter Income Trust (NYSE:MCR) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,515 shares of the financial services provider’s stock after acquiring an additional 3,586 shares during the quarter. Riverbridge Partners LLC’s holdings in MFS Charter Income Trust were worth $633,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MCR. Geneos Wealth Management Inc. purchased a new stake in MFS Charter Income Trust during the first quarter worth approximately $34,000. Bank of America Corp DE lifted its stake in MFS Charter Income Trust by 3.7% during the fourth quarter. Bank of America Corp DE now owns 291,727 shares of the financial services provider’s stock worth $1,861,000 after purchasing an additional 10,417 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in MFS Charter Income Trust during the first quarter worth approximately $71,000. Jane Street Group LLC acquired a new position in MFS Charter Income Trust during the fourth quarter worth approximately $79,000. Finally, Citadel Advisors LLC acquired a new position in MFS Charter Income Trust during the fourth quarter worth approximately $82,000.

MFS Charter Income Trust Stock Down 0.5%

MCR opened at $6.39 on Friday. MFS Charter Income Trust has a 52 week low of $5.57 and a 52 week high of $6.58. The business’s 50 day moving average is $6.39 and its two-hundred day moving average is $6.29.

MFS Charter Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

MFS Charter Income Trust 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.