MFS Charter Income Trust (NYSE:MCR) Share Price Passes Below 200 Day Moving Average of $6.43

Shares of MFS Charter Income Trust (NYSE:MCR – Get Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.43 and traded as low as $6.13. MFS Charter Income Trust shares last traded at $6.15, with a volume of 58,409 shares changing hands.

MFS Charter Income Trust Trading Down 0.7 %

The business’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $6.43.

MFS Charter Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.046 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.55 dividend on an annualized basis and a yield of 8.98%.

Institutional Investors Weigh In On MFS Charter Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in MFS Charter Income Trust during the 4th quarter valued at $31,000. Captrust Financial Advisors bought a new position in shares of MFS Charter Income Trust in the second quarter worth $31,000. SeaCrest Wealth Management LLC bought a new position in shares of MFS Charter Income Trust in the second quarter worth $56,000. JPMorgan Chase & Co. bought a new position in shares of MFS Charter Income Trust in the fourth quarter worth $58,000. Finally, HRT Financial LP bought a new position in shares of MFS Charter Income Trust in the fourth quarter worth $62,000.

About MFS Charter Income Trust

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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.