MFS Charter Income Trust (NYSE:MCR) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its position in MFS Charter Income Trust (NYSE:MCR) by 30.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,081,087 shares of the financial services provider’s stock after purchasing an additional 489,759 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Charter Income Trust were worth $13,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCR. Wells Fargo & Company MN grew its position in MFS Charter Income Trust by 17.7% in the fourth quarter. Wells Fargo & Company MN now owns 179,330 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 26,907 shares during the period. Ashton Thomas Securities LLC lifted its stake in shares of MFS Charter Income Trust by 19.9% in the 4th quarter. Ashton Thomas Securities LLC now owns 53,650 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 8,900 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of MFS Charter Income Trust by 3.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 126,218 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 4,747 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of MFS Charter Income Trust during the 4th quarter worth about $776,000. Finally, GraniteShares Advisors LLC purchased a new stake in MFS Charter Income Trust in the 4th quarter valued at about $2,464,000.

MFS Charter Income Trust Stock Down 3.2 %

Shares of MCR stock opened at $6.05 on Friday. MFS Charter Income Trust has a 1-year low of $6.00 and a 1-year high of $6.58. The company has a 50-day moving average of $6.34 and a two-hundred day moving average of $6.35.

MFS Charter Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0448 per share. This represents a $0.54 dividend on an annualized basis and a yield of 8.88%. The ex-dividend date of this dividend is Tuesday, April 15th.

About MFS Charter Income Trust

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.