MFS Charter Income Trust (NYSE:MCR) Share Price Passes Above Fifty Day Moving Average – What’s Next?

MFS Charter Income Trust (NYSE:MCR)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.30 and traded as high as $6.40. MFS Charter Income Trust shares last traded at $6.38, with a volume of 565,296 shares traded.

MFS Charter Income Trust Trading Down 0.6 %

The stock’s fifty day moving average price is $6.30 and its 200-day moving average price is $6.35.

MFS Charter Income Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.0455 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On MFS Charter Income Trust

A number of large investors have recently made changes to their positions in the business. Stifel Financial Corp lifted its stake in 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 valued at $1,180,000 after acquiring an additional 21,350 shares during the last quarter. L.M. Kohn & Company raised its position in shares of MFS Charter Income Trust by 27.6% in the third quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 8,261 shares during the period. Larson Financial Group LLC lifted its stake in shares of MFS Charter Income Trust by 233.2% in the third quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after buying an additional 4,430 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of MFS Charter Income Trust by 50.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 125,213 shares of the financial services provider’s stock worth $823,000 after buying an additional 41,933 shares during the period. Finally, Pathstone Holdings LLC grew its stake in MFS Charter Income Trust by 1,011.0% in the 3rd 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 last quarter.

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.