PNC Financial Services Group Inc. raised its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,603 shares of the company’s stock after buying an additional 32 shares during the period. PNC Financial Services Group Inc.’s holdings in MFS Charter Income Trust were worth $157,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. RMB Capital Management LLC purchased a new position in MFS Charter Income Trust during the second quarter worth $101,000. Wedbush Securities Inc. purchased a new position in MFS Charter Income Trust during the second quarter worth $348,000. Kelman Lazarov Inc. raised its position 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 worth $2,075,000 after buying an additional 46,257 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in MFS Charter Income Trust by 32.8% in the second quarter. Sit Investment Associates Inc. now owns 909,267 shares of the company’s stock worth $7,701,000 after buying an additional 224,805 shares in the last quarter.
MFS Charter Income Trust (NYSE:MCR) remained flat at $8.61 on Friday. The company’s stock had a trading volume of 55,096 shares. MFS Charter Income Trust has a 12 month low of $7.27 and a 12 month high of $8.75. The firm’s 50 day moving average is $8.60 and its 200-day moving average is $8.44.
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 given a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.79%. The ex-dividend date is Tuesday, October 18th.
Separately, Paradigm Capital cut their target price 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 report 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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