MFS Multimarket Income Trust $MMT Shares Purchased by Bey Douglas LLC

Bey Douglas LLC boosted its holdings in MFS Multimarket Income Trust (NYSE:MMT) by 54.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,491 shares of the closed-end fund’s stock after purchasing an additional 14,706 shares during the quarter. Bey Douglas LLC’s holdings in MFS Multimarket Income Trust were worth $195,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in MFS Multimarket Income Trust by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 371,451 shares of the closed-end fund’s stock worth $1,727,000 after purchasing an additional 4,159 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in MFS Multimarket Income Trust in the fourth quarter worth $49,000. Invesco Ltd. boosted its holdings in MFS Multimarket Income Trust by 8.6% in the first quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund’s stock worth $3,493,000 after purchasing an additional 59,190 shares during the period. Raymond James Financial Inc. boosted its holdings in MFS Multimarket Income Trust by 2.5% in the first quarter. Raymond James Financial Inc. now owns 857,321 shares of the closed-end fund’s stock worth $3,987,000 after purchasing an additional 21,042 shares during the period. Finally, 1607 Capital Partners LLC boosted its holdings in MFS Multimarket Income Trust by 66.4% in the first quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund’s stock worth $2,834,000 after purchasing an additional 243,267 shares during the period. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Down 1.4%

MFS Multimarket Income Trust stock opened at $4.78 on Friday. The company has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $4.65. MFS Multimarket Income Trust has a 12 month low of $4.31 and a 12 month high of $4.87.

MFS Multimarket Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th will be paid a $0.034 dividend. The ex-dividend date is Tuesday, October 14th. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a yield of 8.5%.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.