Northstar Financial Companies Inc. purchased a new stake in MFS Multimarket Income Trust (NYSE:MMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 56,487 shares of the closed-end fund's stock, valued at approximately $265,000. Northstar Financial Companies Inc. owned about 0.10% of MFS Multimarket Income Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in MFS Multimarket Income Trust during the fourth quarter worth $3,922,000. 1607 Capital Partners LLC increased its stake in MFS Multimarket Income Trust by 84.7% during the fourth quarter. 1607 Capital Partners LLC now owns 366,188 shares of the closed-end fund's stock worth $1,717,000 after acquiring an additional 167,961 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund's stock worth $1,723,000 after acquiring an additional 92,815 shares during the last quarter. Focus Partners Wealth acquired a new stake in MFS Multimarket Income Trust during the fourth quarter worth $118,000. Finally, Two Sigma Securities LLC acquired a new stake in MFS Multimarket Income Trust during the fourth quarter worth $103,000. Institutional investors and hedge funds own 18.97% of the company's stock.
MFS Multimarket Income Trust Price Performance
MMT stock remained flat at $4.61 during midday trading on Friday. The company's stock had a trading volume of 141,721 shares, compared to its average volume of 85,175. MFS Multimarket Income Trust has a one year low of $4.31 and a one year high of $4.90. The company's fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.63.
MFS Multimarket Income Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 13th were issued a $0.0327 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.39 annualized dividend and a dividend yield of 8.52%.
MFS Multimarket Income Trust Company Profile
(
Free Report)
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.
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