Concurrent Investment Advisors LLC Has $267,000 Stock Position in MFS Charter Income Trust (NYSE:MCR)

Concurrent Investment Advisors LLC boosted its stake in MFS Charter Income Trust (NYSE:MCR) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,671 shares of the financial services provider’s stock after purchasing an additional 2,324 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in MFS Charter Income Trust were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCR. Allspring Global Investments Holdings LLC lifted its stake in MFS Charter Income Trust by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,651,429 shares of the financial services provider’s stock worth $10,850,000 after purchasing an additional 5,343 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of MFS Charter Income Trust by 557.0% during the 3rd quarter. International Assets Investment Management LLC now owns 76,705 shares of the financial services provider’s stock worth $504,000 after buying an additional 65,030 shares during the last quarter. Atlas Private Wealth Advisors acquired a new stake in MFS Charter Income Trust in the second quarter valued at about $75,000. Finally, Commonwealth Equity Services LLC grew its position in MFS Charter Income Trust by 1.6% in 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 acquiring an additional 2,595 shares during the last quarter.

MFS Charter Income Trust Price Performance

MCR stock opened at $6.37 on Tuesday. The firm has a 50-day moving average price of $6.42 and a 200-day moving average price of $6.34. MFS Charter Income Trust has a 12 month low of $5.88 and a 12 month high of $6.70.

MFS Charter Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be given a $0.046 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.55 dividend on an annualized basis and a yield of 8.66%.

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.