International Assets Investment Management LLC Takes Position in MFS Charter Income Trust $MCR

International Assets Investment Management LLC purchased a new stake in MFS Charter Income Trust (NYSE:MCR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,675 shares of the financial services provider’s stock, valued at approximately $74,000.

Several other large investors have also modified their holdings of MCR. Sit Investment Associates Inc. grew its position in shares of MFS Charter Income Trust by 17.8% in the first quarter. Sit Investment Associates Inc. now owns 2,451,127 shares of the financial services provider’s stock valued at $15,369,000 after purchasing an additional 370,040 shares during the last quarter. GraniteShares Advisors LLC grew its position in shares of MFS Charter Income Trust by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 438,586 shares of the financial services provider’s stock valued at $2,789,000 after purchasing an additional 27,412 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in shares of MFS Charter Income Trust in the first quarter valued at approximately $154,000. Readystate Asset Management LP acquired a new stake in shares of MFS Charter Income Trust in the first quarter valued at approximately $125,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of MFS Charter Income Trust by 18.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 108,616 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 16,926 shares during the last quarter.

MFS Charter Income Trust Trading Up 0.2%

MCR stock opened at $6.41 on Friday. MFS Charter Income Trust has a 12 month low of $5.57 and a 12 month high of $6.58. The company’s 50 day simple moving average is $6.40 and its 200-day simple moving average is $6.31.

MFS Charter Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be given a dividend of $0.0453 per share. This represents a c) dividend on an annualized basis and a yield of 8.5%. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, October 14th.

About MFS Charter Income Trust

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.