Sit Investment Associates Inc. boosted its holdings in MFS Government Markets Income Trust (NYSE:MGF - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,277,496 shares of the company's stock after acquiring an additional 291,016 shares during the quarter. Sit Investment Associates Inc. owned about 25.40% of MFS Government Markets Income Trust worth $25,412,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gilman Hill Asset Management LLC purchased a new position in MFS Government Markets Income Trust in the fourth quarter valued at about $31,000. Dynamic Advisor Solutions LLC lifted its holdings in MFS Government Markets Income Trust by 106.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company's stock valued at $145,000 after purchasing an additional 24,364 shares in the last quarter. Transform Wealth LLC acquired a new stake in MFS Government Markets Income Trust during the fourth quarter worth approximately $163,000. MML Investors Services LLC grew its position in shares of MFS Government Markets Income Trust by 3.1% in the third quarter. MML Investors Services LLC now owns 109,152 shares of the company's stock valued at $361,000 after purchasing an additional 3,283 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in MFS Government Markets Income Trust by 4.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company's stock valued at $445,000 after buying an additional 6,140 shares during the period. Institutional investors and hedge funds own 54.77% of the company's stock.
MFS Government Markets Income Trust Stock Performance
NYSE:MGF traded up $0.04 during trading hours on Thursday, reaching $3.11. 163,196 shares of the company were exchanged, compared to its average volume of 72,497. MFS Government Markets Income Trust has a 52-week low of $2.95 and a 52-week high of $3.39. The stock has a 50 day simple moving average of $3.11 and a 200 day simple moving average of $3.13.
MFS Government Markets Income Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.0195 dividend. This is a positive change from MFS Government Markets Income Trust's previous monthly dividend of $0.02. This represents a $0.23 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Tuesday, April 15th.
MFS Government Markets Income Trust Company Profile
(
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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