Peapack Gladstone Financial Corp Trims Holdings in MFS Charter Income Trust (NYSE:MCR)

Peapack Gladstone Financial Corp decreased its position in shares of MFS Charter Income Trust (NYSE:MCR) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,770 shares of the financial services provider’s stock after selling 10,588 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in MFS Charter Income Trust were worth $432,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in MFS Charter Income Trust by 233.2% during 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 period. Valley Brook Capital Group Inc. boosted its stake in shares of MFS Charter Income Trust by 15.8% in the third quarter. Valley Brook Capital Group Inc. now owns 25,922 shares of the financial services provider’s stock worth $170,000 after buying an additional 3,543 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in MFS Charter Income Trust by 107.4% during the second quarter. Concurrent Investment Advisors LLC now owns 38,347 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 19,861 shares during the period. 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 acquiring an additional 8,261 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its holdings in 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 valued at $294,000 after acquiring an additional 3,000 shares during the period.

MFS Charter Income Trust Stock Performance

MFS Charter Income Trust stock opened at $6.38 on Tuesday. The stock’s 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $6.35. MFS Charter Income Trust has a 12 month low of $6.01 and a 12 month high of $6.70.

MFS Charter Income Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.0455 per share. The ex-dividend date is Tuesday, December 17th.

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.