MFS Charter Income Trust (NYSE:MCR) Institutional Investor Positioning

September 13, 2017 - By Vivian Currie

 MFS Charter Income Trust (NYSE:MCR) Institutional Investor Positioning

Sentiment for MFS Charter Income Trust (NYSE:MCR)

MFS Charter Income Trust (NYSE:MCR) institutional sentiment decreased to 1.05 in 2016 Q4. Its down -0.30, from 1.35 in 2016Q3. The ratio dived, as 20 funds started new or increased equity positions, while 19 reduced and sold their positions in MFS Charter Income Trust. The funds in our partner’s database now hold: 13.67 million shares, down from 14.11 million shares in 2016Q3. Also, the number of funds holding MFS Charter Income Trust in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 6 Reduced: 13 Increased: 16 New Position: 4.

MFS Charter Income Trust is a diversified closed-end management investment company. The company has market cap of $428.41 million. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. It currently has negative earnings. The Fund normally invests in debt instruments.

The stock increased 0.23% or $0.02 on September 13, reaching $8.6. About 117,496 shares traded. MFS Charter Income Trust (NYSE:MCR) has risen 6.51% since September 13, 2016 and is uptrending. It has underperformed by 10.19% the S&P500.

Saba Capital Management L.P. holds 1.23% of its portfolio in MFS Charter Income Trust for 1.42 million shares. 1607 Capital Partners Llc owns 1.32 million shares or 0.76% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.57% invested in the company for 1.02 million shares. The Minnesota-based Sit Investment Associates Inc has invested 0.41% in the stock. Benchmark Capital Advisors, a New York-based fund reported 53,650 shares.#img1#

More notable recent MFS Charter Income Trust (NYSE:MCR) news were published by: Marketwatch.com which released: “8.58” on June 15, 2011, also Nasdaq.com with their article: “MFS Charter Income Trust (MCR) Ex-Dividend Date Scheduled for August 15, 2017” published on August 14, 2017, Nasdaq.com published: “MFS Charter Income Trust (MCR) Ex-Dividend Date Scheduled for July 18, 2017” on July 17, 2017. More interesting news about MFS Charter Income Trust (NYSE:MCR) were released by: Nasdaq.com and their article: “MFS Charter Income Trust (MCR) Ex-Dividend Date Scheduled for September 12, 2017” published on January 13, 2017 as well as Barrons.com‘s news article titled: “MFS Closed-End Fund Targeted by Activists” with publication date: May 31, 2016.

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