Stonebridge Financial Planning Group LLC Sells 2,473 Shares of MFS Charter Income Trust (NYSE:MCR)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCR. Allspring Global Investments Holdings LLC grew its position in shares of MFS Charter Income Trust by 2.4% in 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 acquiring an additional 25,000 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of MFS Charter Income Trust by 3.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 67,022 shares of the financial services provider’s stock worth $433,000 after buying an additional 2,500 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of MFS Charter Income Trust by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 163,083 shares of the financial services provider’s stock valued at $954,000 after purchasing an additional 4,179 shares during the last quarter. International Assets Investment Management LLC grew its stake in MFS Charter Income Trust by 546.0% in 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 buying an additional 63,746 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its stake in MFS Charter Income Trust by 108.2% in the 3rd quarter. Shaker Financial Services LLC now owns 218,571 shares of the financial services provider’s stock worth $1,279,000 after purchasing an additional 113,580 shares during the period.

MFS Charter Income Trust Trading Down 0.5 %

Shares of MCR traded down $0.03 during midday trading on Tuesday, hitting $6.14. 63,272 shares of the company traded hands, compared to its average volume of 63,900. The stock has a 50-day moving average of $6.25 and a 200-day moving average of $6.22. MFS Charter Income Trust has a one year low of $5.63 and a one year high of $6.70.

MFS Charter Income Trust Increases Dividend

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

MFS Charter Income Trust Profile

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.