International Assets Investment Management LLC Invests $74,000 in MFS Charter Income Trust $MCR

International Assets Investment Management LLC purchased a new position in shares of MFS Charter Income Trust (NYSE:MCR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,675 shares of the financial services provider’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 worth $681,000 after acquiring an additional 16,926 shares during the period. Riverbridge Partners LLC increased its stake in shares of 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 worth $633,000 after acquiring an additional 3,586 shares during the period. GraniteShares Advisors LLC increased its stake in shares of 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 worth $2,789,000 after acquiring an additional 27,412 shares during the period. Sit Investment Associates Inc. increased its stake in shares of 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 worth $15,369,000 after acquiring an additional 370,040 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in shares of MFS Charter Income Trust during the first quarter worth about $154,000.

MFS Charter Income Trust Trading Up 0.2%

Shares of MFS Charter Income Trust stock opened at $6.41 on Friday. The company’s 50-day simple moving average is $6.40 and its 200-day simple moving average is $6.31. MFS Charter Income Trust has a 52-week low of $5.57 and a 52-week high of $6.58.

MFS Charter Income Trust Increases Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, October 14th. 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 8.5%.

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.