Riverbridge Partners LLC Acquires 47,909 Shares of MFS Charter Income Trust (NYSE:MCR)

Riverbridge Partners LLC grew its holdings in MFS Charter Income Trust (NYSE:MCR) by 124.5% in the 4th quarter, HoldingsChannel reports. The firm owned 86,396 shares of the financial services provider’s stock after buying an additional 47,909 shares during the quarter. Riverbridge Partners LLC’s holdings in MFS Charter Income Trust were worth $551,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in MFS Charter Income Trust by 13.5% during the third quarter. Stifel Financial Corp now owns 179,664 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 21,350 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of MFS Charter Income Trust by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,651,429 shares of the financial services provider’s stock valued at $10,850,000 after acquiring an additional 5,343 shares during the period. International Assets Investment Management LLC raised its position in shares of MFS Charter Income Trust by 557.0% in the 3rd quarter. International Assets Investment Management LLC now owns 76,705 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 65,030 shares in the last quarter. Larson Financial Group LLC raised its position in shares of MFS Charter Income Trust by 233.2% in the 3rd quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 4,430 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of MFS Charter Income Trust by 1,011.0% during the 3rd quarter. Pathstone Holdings LLC now owns 225,696 shares of the financial services provider’s stock worth $1,483,000 after purchasing an additional 205,382 shares during the last quarter.

MFS Charter Income Trust Stock Up 0.7 %

Shares of MCR stock opened at $6.34 on Friday. The stock’s 50-day moving average is $6.29 and its 200 day moving average is $6.36. MFS Charter Income Trust has a 1-year low of $6.01 and a 1-year high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be given a $0.0454 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date is Tuesday, January 14th.

MFS Charter Income Trust Profile

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.