Allspring Global Investments Holdings LLC decreased its stake in MFS Government Markets Income Trust (NYSE:MGF - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,656,628 shares of the company's stock after selling 191,000 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 5.08% of MFS Government Markets Income Trust worth $5,483,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. PVG Asset Management Corp acquired a new stake in MFS Government Markets Income Trust in the 2nd quarter valued at $1,440,000. Shaker Financial Services LLC bought a new position in MFS Government Markets Income Trust in the 2nd quarter valued at $688,000. Consolidated Portfolio Review Corp raised its position in MFS Government Markets Income Trust by 3.8% in the 1st quarter. Consolidated Portfolio Review Corp now owns 327,919 shares of the company's stock valued at $1,049,000 after purchasing an additional 12,041 shares during the last quarter. Wolverine Asset Management LLC bought a new position in MFS Government Markets Income Trust in the 2nd quarter valued at $302,000. Finally, Dynamic Advisor Solutions LLC bought a new position in MFS Government Markets Income Trust in the 3rd quarter valued at $76,000. Institutional investors and hedge funds own 54.77% of the company's stock.
MFS Government Markets Income Trust Trading Up 0.3 %
MGF traded up $0.01 during trading on Monday, hitting $3.18. The company's stock had a trading volume of 26,404 shares, compared to its average volume of 96,323. The firm's 50 day moving average price is $3.24 and its two-hundred day moving average price is $3.15. MFS Government Markets Income Trust has a 12 month low of $2.91 and a 12 month high of $3.39.
MFS Government Markets Income Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $0.0204 dividend. This is an increase from MFS Government Markets Income Trust's previous monthly dividend of $0.02. The ex-dividend date is Tuesday, October 15th. This represents a $0.24 annualized dividend and a yield of 7.70%.
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.
Featured Articles
Before you consider MFS Government Markets Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Government Markets Income Trust wasn't on the list.
While MFS Government Markets Income Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
