1607 Capital Partners LLC lifted its stake in shares of MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 84.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 366,188 shares of the closed-end fund's stock after acquiring an additional 167,961 shares during the period. 1607 Capital Partners LLC owned 0.66% of MFS Multimarket Income Trust worth $1,717,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Broadway Wealth Solutions Inc. acquired a new stake in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $70,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of MFS Multimarket Income Trust during the fourth quarter worth approximately $72,000. Ashton Thomas Securities LLC grew its position in MFS Multimarket Income Trust by 97.1% in the 4th quarter. Ashton Thomas Securities LLC now owns 34,500 shares of the closed-end fund's stock valued at $162,000 after purchasing an additional 17,000 shares during the period. Atomi Financial Group Inc. increased its stake in MFS Multimarket Income Trust by 6.8% during the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund's stock valued at $279,000 after purchasing an additional 3,759 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of MFS Multimarket Income Trust by 4.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund's stock valued at $860,000 after buying an additional 7,055 shares during the last quarter. 18.97% of the stock is currently owned by institutional investors and hedge funds.
MFS Multimarket Income Trust Price Performance
Shares of NYSE MMT traded down $0.04 during midday trading on Monday, reaching $4.44. The company's stock had a trading volume of 22,796 shares, compared to its average volume of 83,627. MFS Multimarket Income Trust has a 12-month low of $4.31 and a 12-month high of $4.90. The firm has a 50 day moving average price of $4.60 and a 200-day moving average price of $4.67.
MFS Multimarket Income Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.0335 dividend. This represents a $0.40 annualized dividend and a yield of 9.05%. The ex-dividend date is Tuesday, April 15th.
MFS Multimarket Income Trust Profile
(
Free Report)
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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