MFS Charter Income Trust (NYSE:MCR) Stock Price Crosses Above Fifty Day Moving Average of $6.38

Shares of MFS Charter Income Trust (NYSE:MCR) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.38 and traded as high as $6.47. MFS Charter Income Trust shares last traded at $6.47, with a volume of 63,287 shares traded.

MFS Charter Income Trust Stock Performance

The firm has a fifty day simple moving average of $6.38 and a two-hundred day simple moving average of $6.30.

MFS Charter Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.046 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.55 annualized dividend and a yield of 8.54%. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.05.

Institutional Trading of MFS Charter Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in MFS Charter Income Trust by 9.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,161,557 shares of the financial services provider’s stock valued at $7,364,000 after purchasing an additional 98,589 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of MFS Charter Income Trust by 4.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 164,456 shares of the financial services provider’s stock valued at $1,043,000 after buying an additional 7,576 shares in the last quarter. Valley Brook Capital Group Inc. grew its position in shares of MFS Charter Income Trust by 58.5% in the 1st quarter. Valley Brook Capital Group Inc. now owns 22,350 shares of the financial services provider’s stock worth $142,000 after buying an additional 8,250 shares during the last quarter. Atlas Private Wealth Advisors purchased a new position in shares of MFS Charter Income Trust in the 2nd quarter worth approximately $75,000. Finally, Concurrent Investment Advisors LLC raised its stake in shares of MFS Charter Income Trust by 107.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 19,861 shares in the last quarter.

MFS Charter Income Trust Company 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.