Valley Brook Capital Group Inc. Grows Position in MFS Charter Income Trust (NYSE:MCR)

Valley Brook Capital Group Inc. grew its stake in MFS Charter Income Trust (NYSE:MCRFree Report) by 15.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,922 shares of the financial services provider’s stock after buying an additional 3,543 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in MFS Charter Income Trust were worth $170,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in MFS Charter Income Trust by 41.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,646,086 shares of the financial services provider’s stock worth $10,321,000 after acquiring an additional 484,529 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of MFS Charter Income Trust by 557.0% in the third quarter. International Assets Investment Management LLC now owns 76,705 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 65,030 shares during the period. Shaker Financial Services LLC increased its stake in shares of MFS Charter Income Trust by 8.3% in the third quarter. Shaker Financial Services LLC now owns 448,297 shares of the financial services provider’s stock worth $2,945,000 after purchasing an additional 34,463 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of MFS Charter Income Trust by 107.4% in the second quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 19,861 shares in the last quarter. Finally, Atlas Private Wealth Advisors bought a new stake in shares of MFS Charter Income Trust during the 2nd quarter valued at $75,000.

MFS Charter Income Trust Trading Up 0.3 %

MFS Charter Income Trust stock traded up $0.02 during mid-day trading on Thursday, hitting $6.35. The stock had a trading volume of 8,225 shares, compared to its average volume of 67,516. MFS Charter Income Trust has a one year low of $5.88 and a one year high of $6.70. The firm’s 50 day moving average is $6.43 and its 200 day moving average is $6.34.

MFS Charter Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be paid a $0.046 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date is Tuesday, November 12th.

About MFS Charter Income Trust

(Free Report)

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.

Further Reading

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

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