CoreCap Advisors LLC Has $290,000 Stock Position in MFS Charter Income Trust (NYSE:MCR)

CoreCap Advisors LLC lowered its holdings in shares of MFS Charter Income Trust (NYSE:MCR) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,475 shares of the financial services provider’s stock after selling 1,600 shares during the period. CoreCap Advisors LLC’s holdings in MFS Charter Income Trust were worth $290,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MCR. Melfa Wealth Management Inc. bought a new position in MFS Charter Income Trust in the fourth quarter worth approximately $129,000. Riverbridge Partners LLC boosted its holdings in MFS Charter Income Trust by 124.5% in the fourth quarter. Riverbridge Partners LLC now owns 86,396 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 47,909 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $265,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of MFS Charter Income Trust by 7.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,773,447 shares of the financial services provider’s stock valued at $11,315,000 after purchasing an additional 122,018 shares in the last quarter. Finally, GraniteShares Advisors LLC bought a new position in shares of MFS Charter Income Trust in the fourth quarter valued at approximately $2,464,000.

MFS Charter Income Trust Stock Performance

MCR stock opened at $6.28 on Monday. MFS Charter Income Trust has a twelve month low of $5.57 and a twelve month high of $6.58. The stock’s 50 day moving average is $6.17 and its 200-day moving average is $6.27.

MFS Charter Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be issued a $0.0439 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 8.39%.

MFS Charter Income Trust Company 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.