MFS Charter Income Trust (NYSE:MCR) Stock Passes Above Fifty Day Moving Average – Here’s Why

MFS Charter Income Trust (NYSE:MCR) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.30 and traded as high as $6.40. MFS Charter Income Trust shares last traded at $6.38, with a volume of 565,296 shares trading hands.

MFS Charter Income Trust Stock Up 2.9 %

The firm has a fifty day moving average of $6.30 and a two-hundred day moving average of $6.35.

MFS Charter Income Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.0455 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Holdings LLC raised its holdings in MFS Charter Income Trust by 1,011.0% during the 3rd quarter. Pathstone Holdings LLC now owns 225,696 shares of the financial services provider’s stock valued at $1,483,000 after acquiring an additional 205,382 shares during the period. Wolverine Asset Management LLC raised its stake in shares of MFS Charter Income Trust by 649.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 130,143 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 112,769 shares during the period. International Assets Investment Management LLC lifted its holdings in 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 purchasing an additional 65,030 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in MFS Charter Income Trust by 50.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 125,213 shares of the financial services provider’s stock worth $823,000 after purchasing an additional 41,933 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in MFS Charter Income Trust by 8.3% during the 3rd quarter. Shaker Financial Services LLC now owns 448,297 shares of the financial services provider’s stock valued at $2,945,000 after buying an additional 34,463 shares in the last quarter.

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.