MFS Multimarket Income Trust $MMT Shares Acquired by 1607 Capital Partners LLC

Key Points

• 1607 Capital Partners LLC increased its holdings in MFS Multimarket Income Trust by 66.4% in the first quarter, acquiring an additional 243,267 shares for a total of 609,455 shares worth approximately $2.83 million.
• MFS Multimarket Income Trust has recently paid an increased monthly dividend of $0.0335 per share, which represents an annualized yield of 8.5%.
• The stock is currently down 0.8% and trading at $4.72, with a 1-year range between $4.31 and $4.90.

1607 Capital Partners LLC raised its position in shares of MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 66.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 609,455 shares of the closed-end fund's stock after buying an additional 243,267 shares during the period. 1607 Capital Partners LLC owned about 1.10% of MFS Multimarket Income Trust worth $2,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMT. Citadel Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter valued at about $68,000. Cetera Investment Advisers lifted its position in shares of MFS Multimarket Income Trust by 8.3% during the fourth quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund's stock worth $828,000 after purchasing an additional 13,507 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at $118,000. Northstar Financial Companies Inc. acquired a new stake in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $265,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of MFS Multimarket Income Trust during the 4th quarter valued at about $49,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Trading Down 0.2%

Shares of MMT traded down $0.01 during trading hours on Monday, hitting $4.78. 26,726 shares of the stock traded hands, compared to its average volume of 90,037. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The business has a fifty day moving average of $4.69 and a 200-day moving average of $4.63.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.0337 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Tuesday, September 16th. This is an increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

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.