Strategic Financial Concepts LLC Purchases Shares of 41,470 MFS Charter Income Trust (NYSE:MCR)

Strategic Financial Concepts LLC purchased a new stake in shares of MFS Charter Income Trust (NYSE:MCR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,470 shares of the financial services provider’s stock, valued at approximately $265,000.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in MFS Charter Income Trust by 233.2% during the third quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 4,430 shares in the last quarter. Melfa Wealth Management Inc. purchased a new stake in MFS Charter Income Trust during the fourth quarter valued at about $129,000. Valley Brook Capital Group Inc. raised its position in MFS Charter Income Trust by 15.8% during the third quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 3,543 shares in the last quarter. L.M. Kohn & Company raised its position in 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 valued at $251,000 after purchasing an additional 8,261 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in MFS Charter Income Trust by 6.1% during the third quarter. Concurrent Investment Advisors LLC now owns 40,671 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 2,324 shares in the last quarter.

MFS Charter Income Trust Stock Performance

NYSE MCR opened at $6.43 on Thursday. The stock’s 50-day simple moving average is $6.33 and its two-hundred day simple moving average is $6.36. MFS Charter Income Trust has a twelve month low of $6.01 and a twelve month 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.38%.

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.