Wells Fargo & Company MN lowered its stake in MFS Charter Income Trust (NYSE:MCR) by 25.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,141,801 shares of the financial services provider’s stock after selling 388,437 shares during the quarter. Wells Fargo & Company MN’s holdings in MFS Charter Income Trust were worth $9,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCR. Sit Investment Associates Inc. raised its holdings in shares of MFS Charter Income Trust by 2.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,143,148 shares of the financial services provider’s stock valued at $9,694,000 after acquiring an additional 27,990 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of MFS Charter Income Trust by 54.9% in the 3rd quarter. Shaker Financial Services LLC now owns 297,142 shares of the financial services provider’s stock valued at $2,576,000 after acquiring an additional 105,293 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of MFS Charter Income Trust by 10.7% in the 3rd quarter. Stifel Financial Corp now owns 233,181 shares of the financial services provider’s stock valued at $2,026,000 after acquiring an additional 22,518 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of MFS Charter Income Trust in the 4th quarter valued at about $879,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of MFS Charter Income Trust in the 4th quarter valued at about $270,000.

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Shares of MFS Charter Income Trust stock opened at $8.09 on Thursday. MFS Charter Income Trust has a 1-year low of $8.00 and a 1-year high of $8.76.

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a $0.0602 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 8.93%.

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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.

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

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