Private Advisor Group LLC grew its holdings in Mfs Govt Mkts (NYSE:MGF - Free Report) by 33.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 839,285 shares of the company's stock after acquiring an additional 211,293 shares during the period. Private Advisor Group LLC owned about 2.58% of Mfs Govt Mkts worth $2,661,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in MGF. Sit Investment Associates Inc. boosted its holdings in Mfs Govt Mkts by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 8,277,496 shares of the company's stock worth $25,412,000 after buying an additional 291,016 shares in the last quarter. Consolidated Portfolio Review Corp boosted its holdings 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. Raymond James Financial Inc. purchased a new stake in Mfs Govt Mkts during the fourth quarter worth $825,000. Finally, Dynamic Advisor Solutions LLC raised its position in Mfs Govt Mkts by 35.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 64,056 shares of the company's stock worth $203,000 after acquiring an additional 16,815 shares during the period. 54.77% of the stock is owned by hedge funds and other institutional investors.
Mfs Govt Mkts Stock Performance
NYSE:MGF traded down $0.05 during trading hours on Friday, reaching $3.06. 92,068 shares of the company were exchanged, compared to its average volume of 73,819. The stock's 50-day moving average is $3.08 and its 200-day moving average is $3.09. Mfs Govt Mkts has a twelve month low of $2.95 and a twelve month high of $3.39.
Mfs Govt Mkts Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.0192 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Tuesday, July 15th.
About Mfs Govt Mkts
(
Free Report)
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.
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