20,250 Shares in MFS Charter Income Trust (NYSE:MCR) Purchased by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. bought a new stake in MFS Charter Income Trust (NYSE:MCR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,250 shares of the financial services provider’s stock, valued at approximately $129,000.

Several other hedge funds have also made changes to their positions in MCR. Concurrent Investment Advisors LLC grew its position in MFS Charter Income Trust by 6.1% in the third quarter. Concurrent Investment Advisors LLC now owns 40,671 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 2,324 shares during the period. Ashton Thomas Securities LLC grew its holdings in shares of MFS Charter Income Trust by 7.2% during the 3rd quarter. Ashton Thomas Securities LLC now owns 44,750 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 3,000 shares during the period. Valley Brook Capital Group Inc. increased its position in shares of MFS Charter Income Trust by 15.8% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 3,543 shares during the last quarter. Larson Financial Group LLC raised its holdings in MFS Charter Income Trust by 233.2% in the 3rd quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock valued at $42,000 after buying an additional 4,430 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in MFS Charter Income Trust by 0.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,651,429 shares of the financial services provider’s stock valued at $10,850,000 after buying an additional 5,343 shares during the last quarter.

MFS Charter Income Trust Trading Down 0.2 %

Shares of MCR opened at $6.29 on Wednesday. The firm has a 50-day simple moving average of $6.29 and a two-hundred day simple moving average of $6.36. MFS Charter Income Trust has a 1-year low of $6.01 and a 1-year high of $6.58.

MFS Charter Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be given a $0.0454 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, January 14th.

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.