MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) announced a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be given a dividend of $0.04 per share by the closed-end fund on Friday, October 30th. This represents a $0.48 annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Friday, October 23rd.
MFS Multimarket Income Trust Stock Down 0.6%
Shares of NYSE MMT traded down $0.03 during mid-day trading on Wednesday, hitting $4.20. The company had a trading volume of 32,860 shares, compared to its average volume of 192,660. The business’s 50-day simple moving average is $4.35 and its 200-day simple moving average is $4.44. MFS Multimarket Income Trust has a 12 month low of $4.15 and a 12 month high of $4.79.
Hedge Funds Weigh In On MFS Multimarket Income Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in MMT. Allspring Global Investments Holdings LLC raised its holdings in MFS Multimarket Income Trust by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock valued at $15,943,000 after acquiring an additional 106,882 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of MFS Multimarket Income Trust in the 1st quarter worth approximately $1,558,000. NewEdge Advisors LLC lifted its position in shares of MFS Multimarket Income Trust by 260.5% in the 2nd quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock worth $825,000 after acquiring an additional 135,487 shares during the period. Cetera Investment Advisers grew its holdings in shares of MFS Multimarket Income Trust by 75.7% during the 1st quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock worth $823,000 after purchasing an additional 76,756 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of MFS Multimarket Income Trust by 83.9% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 163,481 shares of the closed-end fund’s stock worth $719,000 after purchasing an additional 74,568 shares in the last quarter. 18.97% of the stock is currently owned by institutional investors.
About MFS Multimarket Income Trust
MFS Multimarket Income Trust (NYSE: MMT) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in a diversified portfolio of fixed-income securities and other income-producing investments.
The trust may invest across multiple sectors, credit qualities and geographic regions, including U.S. and foreign government obligations, corporate bonds, mortgage- and asset-backed securities, emerging-market debt and high-yield securities.
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