MFS Charter Income Trust (NYSE:MCR) Share Price Crosses Below 200 Day Moving Average – What’s Next?

MFS Charter Income Trust (NYSE:MCR) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.17 and traded as low as $5.94. MFS Charter Income Trust shares last traded at $5.97, with a volume of 100,147 shares.

MFS Charter Income Trust Price Performance

The firm has a fifty day moving average of $6.00 and a 200-day moving average of $6.17.

MFS Charter Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.0437 dividend. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Monday, June 8th.

Institutional Trading of MFS Charter Income Trust

Several large investors have recently added to or reduced their stakes in MCR. Geneos Wealth Management Inc. acquired a new stake in MFS Charter Income Trust in the 1st quarter valued at approximately $34,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of MFS Charter Income Trust during the 2nd quarter valued at $70,000. Landscape Capital Management L.L.C. acquired a new position in shares of MFS Charter Income Trust during the 4th quarter valued at $73,000. Millennium Management LLC acquired a new position in shares of MFS Charter Income Trust during the 4th quarter valued at $76,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of MFS Charter Income Trust during the 1st quarter valued at $79,000.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.