Wedbush Securities Inc. Has $75,000 Position in MFS Charter Income Trust (NYSE:MCR)

Wedbush Securities Inc. lowered its stake in MFS Charter Income Trust (NYSE:MCR) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,690 shares of the financial services provider’s stock after selling 2,600 shares during the quarter. Wedbush Securities Inc.’s holdings in MFS Charter Income Trust were worth $75,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in MFS Charter Income Trust by 30.8% during the 4th quarter. Sit Investment Associates Inc. now owns 2,081,087 shares of the financial services provider’s stock valued at $13,277,000 after purchasing an additional 489,759 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of MFS Charter Income Trust by 7.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,773,447 shares of the financial services provider’s stock worth $11,315,000 after purchasing an additional 122,018 shares during the period. GraniteShares Advisors LLC purchased a new position in MFS Charter Income Trust in the fourth quarter valued at about $2,464,000. Stifel Financial Corp lifted its stake in MFS Charter Income Trust by 13.5% in the third quarter. Stifel Financial Corp now owns 179,664 shares of the financial services provider’s stock valued at $1,180,000 after purchasing an additional 21,350 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of MFS Charter Income Trust by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 179,330 shares of the financial services provider’s stock valued at $1,144,000 after buying an additional 26,907 shares during the last quarter.

MFS Charter Income Trust Trading Up 0.7 %

Shares of NYSE:MCR opened at $5.97 on Friday. The company has a 50-day moving average price of $6.29 and a two-hundred day moving average price of $6.32. MFS Charter Income Trust has a twelve month low of $5.57 and a twelve month high of $6.58.

MFS Charter Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.0448 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Tuesday, April 15th.

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.