MFS Charter Income Trust (NYSE:MCR) Stock Passes Below Two Hundred Day Moving Average of $6.43

MFS Charter Income Trust (NYSE:MCR – Get Rating) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.43 and traded as low as $6.13. MFS Charter Income Trust shares last traded at $6.15, with a volume of 58,409 shares changing hands.

MFS Charter Income Trust Trading Down 0.7 %

The company’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $6.43.

MFS Charter Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.046 per share. This represents a $0.55 annualized dividend and a yield of 8.98%. The ex-dividend date of this dividend is Tuesday, March 14th.

Institutional Investors Weigh In On MFS Charter Income Trust

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in MFS Charter Income Trust by 5.5% in the third quarter. Royal Bank of Canada now owns 38,303 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 1,998 shares during the last quarter. HighTower Advisors LLC lifted its stake in MFS Charter Income Trust by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 129,726 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 2,412 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of MFS Charter Income Trust by 6.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 43,994 shares of the financial services provider’s stock worth $271,000 after buying an additional 2,541 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of MFS Charter Income Trust by 3.5% during the 3rd quarter. Shaker Financial Services LLC now owns 117,973 shares of the financial services provider’s stock worth $702,000 after buying an additional 4,024 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of MFS Charter Income Trust by 5.4% during the 4th quarter. Kestra Advisory Services LLC now owns 93,726 shares of the financial services provider’s stock worth $576,000 after buying an additional 4,776 shares during the last quarter.

MFS Charter Income Trust Company Profile

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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.