MFS Charter Income Trust $MCR Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,993,082 shares of the financial services provider’s stock after purchasing an additional 557,205 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Charter Income Trust were worth $25,037,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MCR. Riverbridge Partners LLC lifted its stake in shares of MFS Charter Income Trust by 89.9% during the fourth quarter. Riverbridge Partners LLC now owns 193,336 shares of the financial services provider’s stock worth $1,212,000 after buying an additional 91,541 shares during the period. Wells Fargo & Company MN raised its stake in MFS Charter Income Trust by 49.4% in the 4th quarter. Wells Fargo & Company MN now owns 210,837 shares of the financial services provider’s stock worth $1,322,000 after acquiring an additional 69,758 shares during the last quarter. Pathstone Holdings LLC raised its stake in MFS Charter Income Trust by 15.0% in 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 last quarter. UBS Group AG lifted its position in 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. Finally, Closed End Fund Advisors Inc. acquired a new stake in MFS Charter Income Trust during the 4th quarter worth about $193,000.

MFS Charter Income Trust Trading Down 0.8%

MFS Charter Income Trust stock opened at $5.93 on Friday. The business’s 50-day simple moving average is $6.00 and its two-hundred day simple moving average is $6.14. MFS Charter Income Trust has a fifty-two week low of $5.84 and a fifty-two week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.0437 dividend. The ex-dividend date was Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

About MFS Charter Income Trust

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.