Shaker Financial Services LLC raised its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 44.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,849 shares of the financial services provider’s stock after buying an additional 59,491 shares during the period. Shaker Financial Services LLC’s holdings in MFS Charter Income Trust were worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of MFS Charter Income Trust by 0.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,075 shares of the financial services provider’s stock valued at $586,000 after buying an additional 211 shares during the last quarter. Gilman Hill Asset Management LLC raised its position in shares of MFS Charter Income Trust by 1.8% in the first quarter. Gilman Hill Asset Management LLC now owns 57,700 shares of the financial services provider’s stock valued at $497,000 after buying an additional 1,000 shares during the last quarter. UBS Group AG raised its position in shares of MFS Charter Income Trust by 1.8% in the first quarter. UBS Group AG now owns 130,955 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 2,371 shares during the last quarter. Kelman Lazarov Inc. raised its position in shares of MFS Charter Income Trust by 1.1% in the second quarter. Kelman Lazarov Inc. now owns 333,652 shares of the financial services provider’s stock valued at $2,883,000 after buying an additional 3,675 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its position in shares of MFS Charter Income Trust by 0.3% in the first quarter. Sit Investment Associates Inc. now owns 1,824,813 shares of the financial services provider’s stock valued at $15,712,000 after buying an additional 5,519 shares during the last quarter.

MFS Charter Income Trust (MCR) opened at 8.56 on Friday. MFS Charter Income Trust has a one year low of $8.08 and a one year high of $8.76. The company’s 50-day moving average is $8.66 and its 200 day moving average is $8.63.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a $0.062 dividend. This is a positive change from MFS Charter Income Trust’s previous monthly dividend of $0.06. This represents a $0.74 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Tuesday, August 15th.

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About MFS Charter Income Trust

MFS Charter Income Trust (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 normally invests in debt instruments. The Fund also invests 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 and/or debt instruments of issuers located in emerging market countries.

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

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