Kovitz Investment Group Partners LLC Sells 850 Shares of MFS Charter Income Trust (MCR)

Kovitz Investment Group Partners LLC reduced its position in 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. The firm owned 535,572 shares of the financial services provider’s stock after selling 850 shares during the period. Kovitz Investment Group Partners LLC’s holdings in MFS Charter Income Trust were worth $4,627,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in MFS Charter Income Trust by 87.9% in the first quarter. PNC Financial Services Group Inc. now owns 37,820 shares of the financial services provider’s stock worth $325,000 after buying an additional 17,690 shares during the last quarter. Doliver Capital Advisors Inc. increased its position in MFS Charter Income Trust by 57.9% in the first quarter. Doliver Capital Advisors Inc. now owns 45,805 shares of the financial services provider’s stock worth $394,000 after buying an additional 16,789 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in MFS Charter Income Trust by 1.8% in the first quarter. Gilman Hill Asset Management LLC now owns 57,700 shares of the financial services provider’s stock worth $497,000 after buying an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in MFS Charter Income Trust by 0.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,075 shares of the financial services provider’s stock worth $586,000 after buying an additional 211 shares in the last quarter. Finally, Wedbush Securities Inc. increased its position in MFS Charter Income Trust by 28.8% in the first quarter. Wedbush Securities Inc. now owns 94,018 shares of the financial services provider’s stock worth $809,000 after buying an additional 21,005 shares in the last quarter.

MFS Charter Income Trust (NYSE:MCR) traded up 0.35% on Friday, hitting $8.53. 172,639 shares of the stock were exchanged. MFS Charter Income Trust has a one year low of $8.08 and a one year high of $8.76. The company has a 50 day moving average of $8.64 and a 200 day moving average of $8.63.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.062 per share. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.06. The ex-dividend date is Tuesday, August 15th. This represents a $0.74 annualized dividend and a yield of 8.72%.

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About MFS Charter Income Trust

MFS Charter Income Trust (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 normally invests in debt instruments. The Fund also invests 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 and/or debt instruments of issuers located in emerging market countries.

Institutional Ownership by Quarter for MFS Charter Income Trust (NYSE:MCR)

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