Janney Montgomery Scott LLC Acquires 92,815 Shares of MFS Multimarket Income Trust (NYSE:MMT)

Janney Montgomery Scott LLC raised its position in MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,292 shares of the closed-end fund's stock after buying an additional 92,815 shares during the quarter. Janney Montgomery Scott LLC owned about 0.66% of MFS Multimarket Income Trust worth $1,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MMT. Ashton Thomas Securities LLC purchased a new stake in MFS Multimarket Income Trust during the third quarter valued at about $85,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of MFS Multimarket Income Trust during the 3rd quarter valued at approximately $103,000. Atomi Financial Group Inc. boosted its holdings in MFS Multimarket Income Trust by 6.8% in the 4th 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. Wolverine Asset Management LLC purchased a new position in MFS Multimarket Income Trust in the 3rd quarter valued at approximately $320,000. Finally, Shaker Financial Services LLC raised its holdings in MFS Multimarket Income Trust by 13.1% during the 3rd quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund's stock valued at $1,393,000 after acquiring an additional 33,239 shares during the period. Hedge funds and other institutional investors own 18.97% of the company's stock.

MFS Multimarket Income Trust Trading Up 0.5 %

Shares of NYSE:MMT traded up $0.03 during trading on Thursday, hitting $4.74. 63,943 shares of the company were exchanged, compared to its average volume of 83,123. MFS Multimarket Income Trust has a 52-week low of $4.43 and a 52-week high of $4.90. The stock has a 50 day moving average of $4.66 and a 200 day moving average of $4.73.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.0334 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.40 annualized dividend and a yield of 8.47%.

About MFS Multimarket Income Trust

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.