Starfire Investment Advisers Inc. Has $579,000 Stake in MFS Charter Income Trust (MCR)
Starfire Investment Advisers Inc. continued to hold its position in shares of MFS Charter Income Trust (NYSE:MCR) during the second quarter, Holdings Channel reports. The firm owned 68,300 shares of the company’s stock at the end of the second quarter. Starfire Investment Advisers Inc.’s holdings in MFS Charter Income Trust were worth $579,000 at the end of the most recent quarter.
Separately, Sit Investment Associates Inc. raised its position in shares of MFS Charter Income Trust by 32.8% in the second quarter. Sit Investment Associates Inc. now owns 909,267 shares of the company’s stock worth $7,701,000 after buying an additional 224,805 shares during the last quarter.
MFS Charter Income Trust (NYSE:MCR) remained flat at $8.61 during mid-day trading on Friday. The company’s stock had a trading volume of 55,096 shares. The firm has a 50-day moving average of $8.60 and a 200 day moving average of $8.44. MFS Charter Income Trust has a one year low of $7.27 and a one year high of $8.75.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 20th will be issued a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date is Tuesday, October 18th.
Separately, Paradigm Capital cut their price target on shares of MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating on the stock in a research note on Friday, August 19th.
About MFS Charter Income Trust
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.
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