Melfa Wealth Management Inc. Purchases New Holdings in MFS Charter Income Trust (NYSE:MCR)

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

Several other large investors also recently bought and sold shares of MCR. Larson Financial Group LLC boosted its stake in shares of MFS Charter Income Trust by 233.2% in the third quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 4,430 shares during the last quarter. Valley Brook Capital Group Inc. boosted its stake in 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. L.M. Kohn & Company grew its holdings in shares of MFS Charter Income Trust by 27.6% during the third quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock worth $251,000 after buying an additional 8,261 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of 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 valued at $267,000 after buying an additional 2,324 shares during the last quarter. Finally, Ashton Thomas Securities LLC lifted its stake in shares of MFS Charter Income Trust by 7.2% in the third quarter. Ashton Thomas Securities LLC now owns 44,750 shares of the financial services provider’s stock worth $294,000 after buying an additional 3,000 shares in the last quarter.

MFS Charter Income Trust Stock Down 0.2 %

Shares of NYSE MCR opened at $6.29 on Wednesday. MFS Charter Income Trust has a 12-month low of $6.01 and a 12-month high of $6.58. The company has a 50-day moving average of $6.29 and a 200 day moving average of $6.36.

MFS Charter Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.0454 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.55 annualized dividend and a dividend yield of 8.67%.

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.