GraniteShares Advisors LLC Makes New Investment in MFS Charter Income Trust (NYSE:MCR)

GraniteShares Advisors LLC acquired a new position in MFS Charter Income Trust (NYSE:MCR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 386,254 shares of the financial services provider’s stock, valued at approximately $2,464,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of MFS Charter Income Trust by 233.2% during the third quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 4,430 shares during the period. Melfa Wealth Management Inc. acquired a new position in shares of MFS Charter Income Trust during the fourth quarter valued at $129,000. Valley Brook Capital Group Inc. boosted its holdings in shares of MFS Charter Income Trust by 15.8% during the third quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 3,543 shares during the period. L.M. Kohn & Company boosted its holdings in shares of MFS Charter Income Trust by 27.6% during the third quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 8,261 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of MFS Charter Income Trust by 6.1% during the third quarter. Concurrent Investment Advisors LLC now owns 40,671 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 2,324 shares during the period.

MFS Charter Income Trust Price Performance

MCR stock opened at $6.40 on Wednesday. The company has a 50-day simple moving average of $6.34 and a 200 day simple moving average of $6.36. MFS Charter Income Trust has a fifty-two week low of $6.01 and a fifty-two week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.0449 dividend. This represents a $0.54 annualized dividend and a yield of 8.42%. The ex-dividend date is Tuesday, February 18th.

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.