MFS Multimarket Income Trust (NYSE:MMT) Shares Acquired by Shaker Financial Services LLC

Shaker Financial Services LLC lifted its position in shares of MFS Multimarket Income Trust (NYSE:MMT) by 13.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,096 shares of the closed-end fund’s stock after buying an additional 33,239 shares during the period. Shaker Financial Services LLC’s holdings in MFS Multimarket Income Trust were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. boosted its position in shares of MFS Multimarket Income Trust by 19.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock worth $261,000 after purchasing an additional 9,110 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of MFS Multimarket Income Trust by 23.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock worth $788,000 after purchasing an additional 32,358 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of MFS Multimarket Income Trust by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund’s stock worth $1,312,000 after purchasing an additional 5,095 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of MFS Multimarket Income Trust by 36.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock worth $15,216,000 after purchasing an additional 875,755 shares during the period. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

NYSE:MMT opened at $4.74 on Thursday. MFS Multimarket Income Trust has a fifty-two week low of $4.25 and a fifty-two week high of $4.90. The company has a 50 day moving average price of $4.81 and a 200 day moving average price of $4.72.

MFS Multimarket Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be paid a $0.0342 dividend. This represents a $0.41 annualized dividend and a dividend yield of 8.65%. The ex-dividend date is Tuesday, November 12th.

MFS Multimarket Income Trust Company 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.