Financial & Investment Management Group Ltd. reduced its position in MFS Charter Income Trust (NYSE:MCR) by 82.1% during the second quarter, Holdings Channel reports. The firm owned 12,950 shares of the company’s stock after selling 59,450 shares during the period. Financial & Investment Management Group Ltd.’s holdings in MFS Charter Income Trust were worth $110,000 as of its most recent SEC filing.
Separately, Kelman Lazarov Inc. raised its stake 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.
Shares of MFS Charter Income Trust (NYSE:MCR) traded down 1.15% during mid-day trading on Tuesday, reaching $8.56. 129,582 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $8.61 and a 200 day moving average of $8.43. MFS Charter Income Trust has a one year low of $7.27 and a one year high of $8.75.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 20th will be paid a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date is Tuesday, October 18th.
Separately, Paradigm Capital lowered their price objective on shares of MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating for the company 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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