Kelman Lazarov Inc. Lowers Stake in MFS Charter Income Trust (MCR)

Kelman Lazarov Inc. cut its holdings in MFS Charter Income Trust (NYSE:MCR) by 2.2% during the 1st quarter, Holdings Channel reports. The firm owned 359,229 shares of the financial services provider’s stock after selling 8,251 shares during the period. MFS Charter Income Trust comprises approximately 1.6% of Kelman Lazarov Inc.’s investment portfolio, making the stock its 18th biggest holding. Kelman Lazarov Inc.’s holdings in MFS Charter Income Trust were worth $2,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. We Are One Seven LLC purchased a new position in shares of MFS Charter Income Trust during the fourth quarter valued at approximately $109,000. First Allied Advisory Services Inc. purchased a new position in shares of MFS Charter Income Trust during the fourth quarter valued at approximately $132,000. Two Sigma Securities LLC purchased a new position in shares of MFS Charter Income Trust during the fourth quarter valued at approximately $179,000. Doliver Capital Advisors LP purchased a new position in shares of MFS Charter Income Trust during the fourth quarter valued at approximately $196,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of MFS Charter Income Trust during the first quarter valued at approximately $226,000.

Shares of MFS Charter Income Trust opened at $7.91 on Wednesday, according to Marketbeat Ratings. MFS Charter Income Trust has a 1 year low of $7.94 and a 1 year high of $7.95.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 31st. Investors of record on Wednesday, May 16th will be paid a dividend of $0.0597 per share. This represents a $0.72 annualized dividend and a dividend yield of 9.05%. The ex-dividend date of this dividend is Tuesday, May 15th.

MFS Charter Income Trust Profile

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.

Want to see what other hedge funds are holding MCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS Charter Income Trust (NYSE:MCR).

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

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