MFS Government Markets Income Trust (NYSE:MGF - Get Free Report)'s stock price was down 0% during trading on Wednesday . The company traded as low as $3.04 and last traded at $3.06. Approximately 71,071 shares traded hands during trading, a decline of 6% from the average daily volume of 75,888 shares. The stock had previously closed at $3.06.
MFS Government Markets Income Trust Stock Up 0.3%
The firm's 50 day simple moving average is $3.09 and its two-hundred day simple moving average is $3.10.
MFS Government Markets Income Trust Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.0193 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.23 annualized dividend and a dividend yield of 7.56%.
Institutional Investors Weigh In On MFS Government Markets Income Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its stake in MFS Government Markets Income Trust by 1.5% during the 1st quarter. Sit Investment Associates Inc. now owns 8,401,498 shares of the company's stock worth $26,633,000 after acquiring an additional 124,002 shares during the period. Csenge Advisory Group grew its holdings in shares of MFS Government Markets Income Trust by 19.0% during the 1st quarter. Csenge Advisory Group now owns 30,346 shares of the company's stock worth $93,000 after purchasing an additional 4,838 shares in the last quarter. Private Advisor Group LLC increased its position in shares of MFS Government Markets Income Trust by 33.6% in the first quarter. Private Advisor Group LLC now owns 839,285 shares of the company's stock worth $2,661,000 after purchasing an additional 211,293 shares during the period. Consolidated Portfolio Review Corp increased its position in shares of MFS Government Markets Income Trust by 8.5% in the first quarter. Consolidated Portfolio Review Corp now owns 376,053 shares of the company's stock worth $1,192,000 after purchasing an additional 29,505 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in MFS Government Markets Income Trust by 35.6% in the first quarter. Dynamic Advisor Solutions LLC now owns 64,056 shares of the company's stock valued at $203,000 after purchasing an additional 16,815 shares in the last quarter. 54.77% of the stock is currently owned by institutional investors and hedge funds.
MFS Government Markets Income Trust Company Profile
(
Get 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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