MFS Charter Income Trust (NYSE:MCR) Stock Price Passes Above Fifty Day Moving Average of $6.38

MFS Charter Income Trust (NYSE:MCR) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.38 and traded as high as $6.47. MFS Charter Income Trust shares last traded at $6.47, with a volume of 63,287 shares.

MFS Charter Income Trust Price Performance

The stock has a 50 day simple moving average of $6.38 and a 200 day simple moving average of $6.30.

MFS Charter Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.046 per share. This represents a $0.55 annualized dividend and a yield of 8.54%. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, September 17th.

Hedge Funds Weigh In On MFS Charter Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its holdings in MFS Charter Income Trust by 1.6% during the second quarter. Commonwealth Equity Services LLC now owns 167,051 shares of the financial services provider’s stock valued at $1,047,000 after buying an additional 2,595 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of MFS Charter Income Trust by 107.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 19,861 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in MFS Charter Income Trust by 41.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,646,086 shares of the financial services provider’s stock worth $10,321,000 after purchasing an additional 484,529 shares during the period. Atlas Private Wealth Advisors purchased a new position in MFS Charter Income Trust during the second quarter valued at $75,000. Finally, Valley Brook Capital Group Inc. grew its holdings in MFS Charter Income Trust by 58.5% during the first quarter. Valley Brook Capital Group Inc. now owns 22,350 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 8,250 shares during the period.

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.