MFS Charter Income Trust (NYSE:MCR) Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its position in MFS Charter Income Trust (NYSE:MCR) by 30.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,081,087 shares of the financial services provider’s stock after acquiring an additional 489,759 shares during the quarter. Sit Investment Associates Inc.’s holdings in MFS Charter Income Trust were worth $13,277,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MCR. Allspring Global Investments Holdings LLC raised its stake in MFS Charter Income Trust by 7.4% in the 4th 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 last quarter. GraniteShares Advisors LLC purchased a new position in shares of MFS Charter Income Trust in the fourth quarter worth about $2,464,000. Stifel Financial Corp lifted its stake in shares of MFS Charter Income Trust by 13.5% in the third quarter. Stifel Financial Corp now owns 179,664 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 21,350 shares in the last quarter. Wells Fargo & Company MN boosted its position in MFS Charter Income Trust by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 179,330 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 26,907 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in MFS Charter Income Trust by 3.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 126,218 shares of the financial services provider’s stock valued at $805,000 after acquiring an additional 4,747 shares in the last quarter.

MFS Charter Income Trust Price Performance

MCR opened at $6.05 on Friday. The company’s 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $6.35. MFS Charter Income Trust has a 1-year low of $6.00 and a 1-year high of $6.58.

MFS Charter Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0448 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.54 dividend on an annualized basis and a yield of 8.88%.

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.