Shaker Financial Services LLC Buys 34,463 Shares of MFS Charter Income Trust (NYSE:MCR)

Shaker Financial Services LLC increased its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,297 shares of the financial services provider’s stock after purchasing an additional 34,463 shares during the quarter. MFS Charter Income Trust makes up about 1.1% of Shaker Financial Services LLC’s portfolio, making the stock its 28th largest holding. Shaker Financial Services LLC’s holdings in MFS Charter Income Trust were worth $2,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of MFS Charter Income Trust by 41.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,646,086 shares of the financial services provider’s stock valued at $10,321,000 after buying an additional 484,529 shares during the period. International Assets Investment Management LLC raised its stake in shares of MFS Charter Income Trust by 557.0% during the third quarter. International Assets Investment Management LLC now owns 76,705 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 65,030 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of MFS Charter Income Trust by 107.4% during the second quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 19,861 shares during the period. Atlas Private Wealth Advisors bought a new stake in shares of MFS Charter Income Trust in the second quarter worth $75,000. Finally, Commonwealth Equity Services LLC increased its holdings in MFS Charter Income Trust by 1.6% in the second quarter. Commonwealth Equity Services LLC now owns 167,051 shares of the financial services provider’s stock valued at $1,047,000 after purchasing an additional 2,595 shares during the period.

MFS Charter Income Trust Stock Up 0.3 %

Shares of NYSE:MCR opened at $6.34 on Thursday. The business has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $6.34. MFS Charter Income Trust has a 12-month low of $5.88 and a 12-month high of $6.70.

MFS Charter Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be issued a $0.046 dividend. This represents a $0.55 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.