Truist Financial Corp lessened its stake in MFS Multimarket Income Trust (NYSE:MMT – Free Report) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,328 shares of the closed-end fund’s stock after selling 13,318 shares during the period. Truist Financial Corp’s holdings in MFS Multimarket Income Trust were worth $92,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC bought a new stake in shares of MFS Multimarket Income Trust in the third quarter worth $48,000. Private Advisor Group LLC bought a new stake in shares of MFS Multimarket Income Trust in the third quarter worth $58,000. Landscape Capital Management L.L.C. increased its stake in shares of MFS Multimarket Income Trust by 110.8% in the third quarter. Landscape Capital Management L.L.C. now owns 29,131 shares of the closed-end fund’s stock worth $124,000 after buying an additional 15,311 shares during the last quarter. MGO One Seven LLC increased its stake in shares of MFS Multimarket Income Trust by 206.7% in the third quarter. MGO One Seven LLC now owns 32,440 shares of the closed-end fund’s stock worth $138,000 after buying an additional 21,863 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth $240,000. Institutional investors own 18.97% of the company’s stock.
MFS Multimarket Income Trust Price Performance
MFS Multimarket Income Trust stock opened at $4.63 on Thursday. The company has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.55. MFS Multimarket Income Trust has a 12 month low of $4.04 and a 12 month high of $4.70.
MFS Multimarket Income Trust Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Tuesday, May 14th.
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.
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Source: defenseworld.net
