Raymond James Financial Inc. bought a new stake in shares of MFS Multimarket Income Trust (NYSE:MMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 836,279 shares of the closed-end fund's stock, valued at approximately $3,922,000. Raymond James Financial Inc. owned 1.51% of MFS Multimarket Income Trust at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of MFS Multimarket Income Trust by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund's stock worth $15,337,000 after buying an additional 18,751 shares during the period. Invesco Ltd. boosted its stake in MFS Multimarket Income Trust by 2.6% during the 4th quarter. Invesco Ltd. now owns 692,046 shares of the closed-end fund's stock worth $3,246,000 after acquiring an additional 17,284 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund's stock valued at $1,723,000 after purchasing an additional 92,815 shares during the period. Commonwealth Equity Services LLC increased its stake in MFS Multimarket Income Trust by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund's stock valued at $860,000 after purchasing an additional 7,055 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in MFS Multimarket Income Trust by 6.8% in the fourth quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund's stock worth $279,000 after purchasing an additional 3,759 shares during the period. Institutional investors own 18.97% of the company's stock.
MFS Multimarket Income Trust Trading Up 0.2 %
Shares of NYSE MMT traded up $0.01 during midday trading on Friday, reaching $4.62. 4,491 shares of the stock were exchanged, compared to its average volume of 84,012. MFS Multimarket Income Trust has a 12 month low of $4.31 and a 12 month high of $4.90. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.65.
MFS Multimarket Income Trust Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a $0.0335 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 8.69%.
About MFS Multimarket Income Trust
(
Free Report)
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.
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