Valley Brook Capital Group Inc. Sells 2,072 Shares of 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 Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Larson Financial Group LLC raised its position in MFS Charter Income Trust by 233.2% in the 3rd quarter. Larson Financial Group LLC now owns 6,330 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 4,430 shares during the last quarter. Melfa Wealth Management Inc. bought a new position in MFS Charter Income Trust in the fourth quarter valued at about $129,000. L.M. Kohn & Company boosted its holdings in MFS Charter Income Trust by 27.6% in the third quarter. L.M. Kohn & Company now owns 38,215 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 8,261 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in MFS Charter Income Trust in the fourth quarter worth about $265,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of MFS Charter Income Trust by 6.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,671 shares of the financial services provider’s stock worth $267,000 after buying an additional 2,324 shares during the period.

MFS Charter Income Trust Stock Performance

Shares of NYSE MCR opened at $6.45 on Wednesday. The firm has a 50 day moving average price of $6.33 and a 200 day moving average price of $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 company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.0449 dividend. This represents a $0.54 annualized dividend and a yield of 8.35%. The ex-dividend date is Tuesday, February 18th.

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.