Sit Investment Associates Inc. Has $25.04 Million Stock Position in MFS Charter Income Trust $MCR

Sit Investment Associates Inc. boosted its stake in MFS Charter Income Trust (NYSE:MCR) by 16.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,993,082 shares of the financial services provider’s stock after buying an additional 557,205 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Charter Income Trust were worth $25,037,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MCR. Riverbridge Partners LLC boosted its holdings in MFS Charter Income Trust by 89.9% in the 4th quarter. Riverbridge Partners LLC now owns 193,336 shares of the financial services provider’s stock valued at $1,212,000 after purchasing an additional 91,541 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of MFS Charter Income Trust by 15.0% during the 3rd quarter. Pathstone Holdings LLC now owns 441,296 shares of the financial services provider’s stock worth $2,833,000 after acquiring an additional 57,658 shares during the period. UBS Group AG lifted its holdings in shares of MFS Charter Income Trust by 36.1% during the 3rd quarter. UBS Group AG now owns 122,116 shares of the financial services provider’s stock worth $784,000 after acquiring an additional 32,395 shares during the period. Closed End Fund Advisors Inc. bought a new stake in shares of MFS Charter Income Trust during the 4th quarter worth approximately $193,000. Finally, Bank of America Corp DE lifted its holdings in shares of MFS Charter Income Trust by 7.7% during the 3rd quarter. Bank of America Corp DE now owns 360,634 shares of the financial services provider’s stock worth $2,315,000 after acquiring an additional 25,787 shares during the period.

MFS Charter Income Trust Stock Up 0.3%

Shares of MFS Charter Income Trust stock opened at $5.95 on Friday. The company has a 50 day moving average of $6.00 and a 200-day moving average of $6.15. MFS Charter Income Trust has a 1-year low of $5.84 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 Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.0437 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a c) annualized dividend and a yield of 8.8%.

MFS Charter Income Trust Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.