Altus Wealth Group LLC Has $154,000 Stake in MFS Charter Income Trust (NYSE:MCR)

Altus Wealth Group LLC cut its position in MFS Charter Income Trust (NYSE:MCR) by 10.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,623 shares of the financial services provider’s stock after selling 2,794 shares during the quarter. Altus Wealth Group LLC’s holdings in MFS Charter Income Trust were worth $154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in MFS Charter Income Trust by 41.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,646,086 shares of the financial services provider’s stock valued at $10,321,000 after buying an additional 484,529 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in MFS Charter Income Trust by 39.5% in the fourth quarter. Shaker Financial Services LLC now owns 304,925 shares of the financial services provider’s stock valued at $1,970,000 after acquiring an additional 86,354 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of MFS Charter Income Trust by 1.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 167,051 shares of the financial services provider’s stock worth $1,047,000 after acquiring an additional 2,595 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of MFS Charter Income Trust by 107.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 19,861 shares during the period. Finally, L.M. Kohn & Company increased its holdings in shares of MFS Charter Income Trust by 9.7% during the first quarter. L.M. Kohn & Company now owns 29,823 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 2,626 shares in the last quarter.

MFS Charter Income Trust Stock Performance

Shares of NYSE:MCR opened at $6.42 on Friday. MFS Charter Income Trust has a 1-year low of $5.63 and a 1-year high of $6.70. The stock’s fifty day simple moving average is $6.35 and its two-hundred day simple moving average is $6.29.

MFS Charter Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.046 per share. The ex-dividend date is Tuesday, September 17th. This is a positive change from MFS Charter Income Trust’s previous monthly dividend of $0.05. This represents a $0.55 annualized dividend and a dividend yield of 8.61%.

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.