Raymond James Financial Inc. bought a new position in MFS Government Markets Income Trust (NYSE:MGF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 268,853 shares of the company's stock, valued at approximately $825,000. Raymond James Financial Inc. owned approximately 0.82% of MFS Government Markets Income Trust at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of MFS Government Markets Income Trust by 354.7% in the 4th quarter. Private Advisor Group LLC now owns 627,992 shares of the company's stock valued at $1,928,000 after acquiring an additional 489,892 shares during the last quarter. Transform Wealth LLC bought a new position in shares of MFS Government Markets Income Trust in the fourth quarter worth approximately $163,000. Dynamic Advisor Solutions LLC increased its stake in shares of MFS Government Markets Income Trust by 106.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company's stock worth $145,000 after buying an additional 24,364 shares during the period. Consolidated Portfolio Review Corp increased its stake in shares of MFS Government Markets Income Trust by 5.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company's stock worth $1,064,000 after buying an additional 18,179 shares during the period. Finally, Gilman Hill Asset Management LLC purchased a new stake in MFS Government Markets Income Trust during the 4th quarter valued at $31,000. 54.77% of the stock is currently owned by institutional investors.
MFS Government Markets Income Trust Price Performance
MFS Government Markets Income Trust stock traded up $0.04 during trading hours on Thursday, reaching $3.11. The stock had a trading volume of 185,000 shares, compared to its average volume of 72,488. The company has a fifty day simple moving average of $3.11 and a 200-day simple moving average of $3.13. MFS Government Markets Income Trust has a 52 week low of $2.95 and a 52 week high of $3.39.
MFS Government Markets Income Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0195 per share. This represents a $0.23 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend is Tuesday, April 15th. This is an increase from MFS Government Markets Income Trust's previous monthly dividend of $0.02.
About MFS Government Markets Income Trust
(
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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