56,487 Shares in MFS Multimarket Income Trust (NYSE:MMT) Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. purchased a new stake in MFS Multimarket Income Trust (NYSE:MMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,487 shares of the closed-end fund's stock, valued at approximately $265,000. Northstar Financial Companies Inc. owned 0.10% of MFS Multimarket Income Trust at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Focus Partners Wealth acquired a new position in MFS Multimarket Income Trust in the fourth quarter valued at approximately $118,000. Cetera Investment Advisers increased its position in shares of MFS Multimarket Income Trust by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund's stock valued at $828,000 after buying an additional 13,507 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter valued at approximately $68,000. Two Sigma Securities LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter valued at approximately $103,000. Finally, MGO One Seven LLC increased its position in shares of MFS Multimarket Income Trust by 74.8% in the fourth quarter. MGO One Seven LLC now owns 51,305 shares of the closed-end fund's stock valued at $241,000 after buying an additional 21,953 shares in the last quarter. 18.97% of the stock is owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Price Performance

Shares of MFS Multimarket Income Trust stock remained flat at $4.61 on Friday. The stock had a trading volume of 141,721 shares, compared to its average volume of 85,112. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The business has a 50-day simple moving average of $4.56 and a 200-day simple moving average of $4.63.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th were given a $0.0327 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend was Tuesday, May 13th.

About MFS Multimarket Income Trust

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.