Stonebridge Financial Planning Group LLC Lowers Stock Holdings in MFS Charter Income Trust (NYSE:MCR)

Stonebridge Financial Planning Group LLC cut its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,391 shares of the financial services provider’s stock after selling 2,473 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in MFS Charter Income Trust were worth $461,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of MFS Charter Income Trust by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,062,968 shares of the financial services provider’s stock valued at $6,867,000 after purchasing an additional 25,000 shares during the last quarter. Shaker Financial Services LLC grew its position in shares of MFS Charter Income Trust by 108.2% during the 3rd quarter. Shaker Financial Services LLC now owns 218,571 shares of the financial services provider’s stock worth $1,279,000 after buying an additional 113,580 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in MFS Charter Income Trust by 2.6% in the third quarter. Commonwealth Equity Services LLC now owns 163,083 shares of the financial services provider’s stock worth $954,000 after acquiring an additional 4,179 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in MFS Charter Income Trust by 78.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 75,939 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 33,287 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in MFS Charter Income Trust by 546.0% during the 4th quarter. International Assets Investment Management LLC now owns 75,421 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 63,746 shares during the period.

MFS Charter Income Trust Stock Down 0.5 %

Shares of MCR stock traded down $0.03 on Tuesday, reaching $6.14. 63,272 shares of the company were exchanged, compared to its average volume of 63,900. The business has a 50-day moving average price of $6.25 and a 200 day moving average price of $6.22. MFS Charter Income Trust has a 1 year low of $5.63 and a 1 year high of $6.70.

MFS Charter Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be given a dividend of $0.046 per share. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.05. This represents a $0.55 annualized dividend and a dividend yield of 8.99%. The ex-dividend date of this dividend is Tuesday, April 16th.

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.