GraniteShares Advisors LLC Purchases New Stake in MFS Charter Income Trust (NYSE:MCR)

GraniteShares Advisors LLC purchased a new stake in MFS Charter Income Trust (NYSE:MCR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 386,254 shares of the financial services provider’s stock, valued at approximately $2,464,000.

Several other hedge funds have also recently bought and sold shares of MCR. Pathstone Holdings LLC raised its holdings in MFS Charter Income Trust by 1,011.0% in the third quarter. Pathstone Holdings LLC now owns 225,696 shares of the financial services provider’s stock valued at $1,483,000 after buying an additional 205,382 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of MFS Charter Income Trust by 7.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,773,447 shares of the financial services provider’s stock valued at $11,315,000 after purchasing an additional 122,018 shares during the period. Wolverine Asset Management LLC raised its stake in shares of MFS Charter Income Trust by 649.1% during the third quarter. Wolverine Asset Management LLC now owns 130,143 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 112,769 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 purchasing an additional 65,030 shares during the period. Finally, Riverbridge Partners LLC raised its stake in shares of MFS Charter Income Trust by 124.5% during the fourth quarter. Riverbridge Partners LLC now owns 86,396 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 47,909 shares during the period.

MFS Charter Income Trust Stock Performance

MCR opened at $6.40 on Wednesday. The firm’s 50 day moving average is $6.34 and its 200-day moving average is $6.36. MFS Charter Income Trust has a 52-week low of $6.01 and a 52-week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0449 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.42%.

About MFS Charter Income Trust

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.