Sit Investment Associates Inc. Purchases 124,002 Shares of Mfs Govt Mkts (NYSE:MGF)

Sit Investment Associates Inc. raised its stake in shares of Mfs Govt Mkts (NYSE:MGF) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,401,498 shares of the company’s stock after purchasing an additional 124,002 shares during the quarter. Sit Investment Associates Inc. owned 0.26% of Mfs Govt Mkts worth $26,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Private Advisor Group LLC lifted its position in Mfs Govt Mkts by 33.6% during the first quarter. Private Advisor Group LLC now owns 839,285 shares of the company’s stock valued at $2,661,000 after purchasing an additional 211,293 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in Mfs Govt Mkts by 8.5% during the first quarter. Consolidated Portfolio Review Corp now owns 376,053 shares of the company’s stock valued at $1,192,000 after purchasing an additional 29,505 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mfs Govt Mkts during the fourth quarter valued at approximately $825,000. Dynamic Advisor Solutions LLC lifted its position in Mfs Govt Mkts by 35.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 64,056 shares of the company’s stock valued at $203,000 after purchasing an additional 16,815 shares during the last quarter. Finally, Csenge Advisory Group lifted its position in Mfs Govt Mkts by 19.0% during the first quarter. Csenge Advisory Group now owns 30,346 shares of the company’s stock valued at $93,000 after purchasing an additional 4,838 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors.

Mfs Govt Mkts Stock Performance

Shares of Mfs Govt Mkts stock opened at $3.09 on Thursday. Mfs Govt Mkts has a 1 year low of $2.95 and a 1 year high of $3.39. The company has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.09.

Mfs Govt Mkts Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.0191 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a c) annualized dividend and a dividend yield of 7.4%.

About Mfs Govt Mkts

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.