Invesco Ltd. Increases Stock Holdings in MFS Multimarket Income Trust $MMT

Key Points

• Invesco Ltd. increased its stake in MFS Multimarket Income Trust by 8.6%, owning 751,236 shares worth approximately $3.49 million.
• The trust recently raised its monthly dividend to $0.0335 per share, reflecting an annualized yield of 8.5%.
• MFS Multimarket Income Trust's shares have traded between a 12-month low of $4.31 and a high of $4.90.

Invesco Ltd. boosted its position in shares of MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 8.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 751,236 shares of the closed-end fund's stock after buying an additional 59,190 shares during the quarter. Invesco Ltd. owned approximately 1.36% of MFS Multimarket Income Trust worth $3,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Two Sigma Securities LLC bought a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at about $103,000. Citadel Advisors LLC bought a new position in MFS Multimarket Income Trust during the 4th quarter valued at approximately $68,000. Cetera Investment Advisers lifted its holdings in MFS Multimarket Income Trust by 8.3% in the 4th quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund's stock worth $828,000 after buying an additional 13,507 shares during the period. Focus Partners Wealth bought a new stake in shares of MFS Multimarket Income Trust in the 4th quarter worth approximately $118,000. Finally, Northstar Financial Companies Inc. purchased a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $265,000. Hedge funds and other institutional investors own 18.97% of the company's stock.

MFS Multimarket Income Trust Price Performance

MMT stock traded up $0.04 during trading on Wednesday, reaching $4.76. The company had a trading volume of 65,942 shares, compared to its average volume of 90,908. MFS Multimarket Income Trust has a 52 week low of $4.31 and a 52 week high of $4.90. The business has a 50 day moving average of $4.68 and a 200 day moving average of $4.63.

MFS Multimarket Income Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were paid a $0.0335 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date was Tuesday, August 19th. This is a positive change from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

MFS Multimarket Income Trust 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.