Allspring Global Investments Holdings LLC Reduces Position in Mfs Govt Mkts $MGF

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Mfs Govt Mkts by 41.5% during the second quarter, now owning 960,873 shares worth approximately $2.99 million.
• Increased positions from other hedge funds include Gilman Hill Asset Management LLC raising its stake by 50%, bringing its total to 15,000 shares valued at $47,000.
• Mfs Govt Mkts announced a dividend increase, with a new monthly dividend of $0.0193 to be paid on October 31, representing an annualized yield of 7.5%.

Allspring Global Investments Holdings LLC decreased its stake in shares of Mfs Govt Mkts (NYSE:MGF - Free Report) by 41.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 960,873 shares of the company's stock after selling 681,255 shares during the period. Allspring Global Investments Holdings LLC owned 2.95% of Mfs Govt Mkts worth $2,998,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gilman Hill Asset Management LLC increased its position in Mfs Govt Mkts by 50.0% during the second quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the company's stock worth $47,000 after buying an additional 5,000 shares in the last quarter. Csenge Advisory Group increased 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 worth $93,000 after buying an additional 4,838 shares in the last quarter. Consolidated Portfolio Review Corp increased 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 worth $1,192,000 after buying an additional 29,505 shares in the last quarter. Private Advisor Group LLC increased 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 worth $2,661,000 after buying an additional 211,293 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its position in Mfs Govt Mkts by 1.5% during the first quarter. Sit Investment Associates Inc. now owns 8,401,498 shares of the company's stock worth $26,633,000 after buying an additional 124,002 shares in the last quarter. Hedge funds and other institutional investors own 54.77% of the company's stock.

Mfs Govt Mkts Price Performance

Mfs Govt Mkts stock opened at $3.09 on Wednesday. The stock has a fifty day moving average of $3.09 and a two-hundred day moving average of $3.08. Mfs Govt Mkts has a fifty-two week low of $2.95 and a fifty-two week high of $3.25.

Mfs Govt Mkts Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be given a $0.0193 dividend. This is an increase from Mfs Govt Mkts's previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, October 14th.

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.

Want to see what other hedge funds are holding MGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mfs Govt Mkts (NYSE:MGF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.