Cohen & Steers Inc. Trims Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Cohen & Steers Inc. lowered its position in MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,812 shares of the closed-end fund's stock after selling 101,628 shares during the quarter. Cohen & Steers Inc. owned 0.62% of MFS Multimarket Income Trust worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MMT. Atomi Financial Group Inc. grew its stake in MFS Multimarket Income Trust by 6.8% during the fourth quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund's stock worth $279,000 after buying an additional 3,759 shares during the period. Commonwealth Equity Services LLC raised its position 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 during the period. Broadway Wealth Solutions Inc. acquired a new position in shares of MFS Multimarket Income Trust during the fourth quarter worth about $70,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth about $72,000. Finally, Ashton Thomas Securities LLC grew its stake in shares of MFS Multimarket Income Trust by 97.1% in the fourth quarter. Ashton Thomas Securities LLC now owns 34,500 shares of the closed-end fund's stock valued at $162,000 after buying an additional 17,000 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company's stock.

MFS Multimarket Income Trust Stock Performance

MFS Multimarket Income Trust stock traded up $0.03 during midday trading on Friday, hitting $4.49. 83,343 shares of the company were exchanged, compared to its average volume of 83,864. MFS Multimarket Income Trust has a fifty-two week low of $4.31 and a fifty-two week high of $4.90. The company's fifty day moving average price is $4.60 and its 200-day moving average price is $4.67.

MFS Multimarket Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.0335 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 8.95%.

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.