Sit Investment Associates Inc. raised its stake in MFS Charter Income Trust (NYSE:MCR) by 32.8% during the second quarter, Holdings Channel reports. The fund owned 909,267 shares of the company’s stock after buying an additional 224,805 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Charter Income Trust were worth $7,701,000 as of its most recent SEC filing.

Separately, Kelman Lazarov Inc. raised its position in MFS Charter Income Trust by 23.3% in the second quarter. Kelman Lazarov Inc. now owns 244,407 shares of the company’s stock valued at $2,075,000 after buying an additional 46,257 shares in the last quarter.

Institutional Ownership by Quarter for MFS Charter Income Trust (NYSE:MCR)

MFS Charter Income Trust (NYSE:MCR) traded down 0.12% on Thursday, hitting $8.61. The stock had a trading volume of 149,932 shares. MFS Charter Income Trust has a one year low of $7.27 and a one year high of $8.75. The company’s 50-day moving average price is $8.60 and its 200 day moving average price is $8.44.

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 20th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $0.76 annualized dividend and a dividend yield of 8.77%.

Separately, Paradigm Capital lowered their price target on MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating for the company in a research report on Friday, August 19th.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund invests its assets primarily in debt instruments. Its assets are also invested in corporate bonds of the United States and/or foreign issuers, the United States government securities, foreign government securities, mortgage-backed and other asset-backed securities of the United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries.

5 Day Chart for NYSE:MCR

Want to see what other hedge funds are holding MCR? Visit to get the latest 13F filings and insider trades for MFS Charter Income Trust (NYSE:MCR).

Receive News & Ratings for MFS Charter Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Charter Income Trust and related companies with's FREE daily email newsletter.