Concurrent Investment Advisors LLC Has $210,000 Stake in MFS Charter Income Trust $MCR

Concurrent Investment Advisors LLC trimmed its holdings in MFS Charter Income Trust (NYSE:MCR) by 22.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,086 shares of the financial services provider’s stock after selling 9,548 shares during the period. Concurrent Investment Advisors LLC’s holdings in MFS Charter Income Trust were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its position in MFS Charter Income Trust by 18.5% during the first 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 in the last quarter. Farther Finance Advisors LLC acquired a new position in MFS Charter Income Trust during the first quarter valued at approximately $71,000. Riverbridge Partners LLC raised its position in MFS Charter Income Trust by 3.7% during the second quarter. Riverbridge Partners LLC now owns 99,515 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 3,586 shares in the last quarter. Sit Investment Associates Inc. raised its position in MFS Charter Income Trust by 17.8% during the first quarter. Sit Investment Associates Inc. now owns 2,451,127 shares of the financial services provider’s stock valued at $15,369,000 after purchasing an additional 370,040 shares in the last quarter. Finally, GraniteShares Advisors LLC raised its position in MFS Charter Income Trust by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 438,586 shares of the financial services provider’s stock valued at $2,789,000 after purchasing an additional 27,412 shares in the last quarter.

MFS Charter Income Trust Stock Performance

Shares of MCR opened at $6.31 on Tuesday. MFS Charter Income Trust has a one year low of $5.57 and a one year high of $6.58. The firm has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $6.30.

MFS Charter Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th will be given a dividend of $0.0453 per share. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Tuesday, October 14th.

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.