Valley Brook Capital Group Inc. Has $152,000 Holdings in MFS Charter Income Trust (NYSE:MCR)

Valley Brook Capital Group Inc. cut its stake in MFS Charter Income Trust (NYSE:MCR) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,850 shares of the financial services provider’s stock after selling 2,072 shares during the period. Valley Brook Capital Group Inc.’s holdings in MFS Charter Income Trust were worth $152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCR. Pathstone Holdings LLC increased its stake in MFS Charter Income Trust by 1,011.0% during the third quarter. Pathstone Holdings LLC now owns 225,696 shares of the financial services provider’s stock valued at $1,483,000 after acquiring an additional 205,382 shares during the period. Wolverine Asset Management LLC increased its position in shares of MFS Charter Income Trust by 649.1% during the third quarter. Wolverine Asset Management LLC now owns 130,143 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 112,769 shares during the period. International Assets Investment Management LLC raised its stake 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 valued at $504,000 after purchasing an additional 65,030 shares in the last quarter. Riverbridge Partners LLC raised its stake in shares of 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 valued at $551,000 after purchasing an additional 47,909 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in MFS Charter Income Trust by 50.4% in the third quarter. Landscape Capital Management L.L.C. now owns 125,213 shares of the financial services provider’s stock worth $823,000 after purchasing an additional 41,933 shares during the period.

MFS Charter Income Trust Price Performance

Shares of MFS Charter Income Trust stock opened at $6.45 on Wednesday. The company’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.36. MFS Charter Income Trust has a 52-week low of $6.01 and a 52-week high of $6.58.

MFS Charter Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.0449 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.54 annualized dividend and a yield of 8.35%.

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.