Riverbridge Partners LLC Has $1.21 Million Stake in MFS Charter Income Trust $MCR

Riverbridge Partners LLC increased its position in MFS Charter Income Trust (NYSE:MCR) by 89.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,336 shares of the financial services provider’s stock after purchasing an additional 91,541 shares during the period. Riverbridge Partners LLC’s holdings in MFS Charter Income Trust were worth $1,212,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MCR. Geneos Wealth Management Inc. bought a new stake in MFS Charter Income Trust during the 1st quarter valued at $34,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MFS Charter Income Trust in the second quarter valued at $70,000. Susquehanna International Group LLP bought a new position in shares of MFS Charter Income Trust in the third quarter valued at $117,000. Benjamin Edwards Inc. acquired a new position in shares of MFS Charter Income Trust during the third quarter valued at about $230,000. Finally, Ashton Thomas Securities LLC grew its holdings in shares of MFS Charter Income Trust by 28.0% during the third quarter. Ashton Thomas Securities LLC now owns 68,650 shares of the financial services provider’s stock valued at $409,000 after buying an additional 15,000 shares during the last quarter.

MFS Charter Income Trust Price Performance

NYSE:MCR opened at $5.87 on Friday. MFS Charter Income Trust has a one year low of $5.57 and a one year high of $6.58. The firm has a 50-day moving average of $6.19 and a 200-day moving average of $6.29.

MFS Charter Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.045 per share. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, March 17th.

MFS Charter Income Trust Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.