Atlas Private Wealth Advisors Buys Shares of 12,000 MFS Charter Income Trust (NYSE:MCR)

Atlas Private Wealth Advisors purchased a new stake in shares of MFS Charter Income Trust (NYSE:MCR) in the second quarter, HoldingsChannel reports. The institutional investor purchased 12,000 shares of the financial services provider’s stock, valued at approximately $75,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its position in MFS Charter Income Trust by 3.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 67,022 shares of the financial services provider’s stock valued at $433,000 after buying an additional 2,500 shares during the period. International Assets Investment Management LLC boosted its stake in shares of MFS Charter Income Trust by 546.0% during the 4th quarter. International Assets Investment Management LLC now owns 75,421 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 63,746 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of MFS Charter Income Trust by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,062,968 shares of the financial services provider’s stock valued at $6,867,000 after acquiring an additional 25,000 shares during the period. Shaker Financial Services LLC raised its holdings in MFS Charter Income Trust by 39.5% in the 4th quarter. Shaker Financial Services LLC now owns 304,925 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 86,354 shares during the period. Finally, L.M. Kohn & Company lifted its position in MFS Charter Income Trust by 10.7% during the fourth quarter. L.M. Kohn & Company now owns 27,197 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 2,623 shares in the last quarter.

MFS Charter Income Trust Stock Performance

MCR traded up $0.02 during midday trading on Friday, reaching $6.38. The company had a trading volume of 57,102 shares, compared to its average volume of 62,940. The business has a 50-day moving average of $6.31 and a two-hundred day moving average of $6.29. MFS Charter Income Trust has a 1 year low of $5.63 and a 1 year high of $6.70.

MFS Charter Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.46%.

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.