Raymond James Financial Inc. bought a new stake in MFS Multimarket Income Trust (NYSE:MMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 836,279 shares of the closed-end fund's stock, valued at approximately $3,922,000. Raymond James Financial Inc. owned approximately 1.51% of MFS Multimarket Income Trust at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in MFS Multimarket Income Trust by 33.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund's stock valued at $1,723,000 after buying an additional 92,815 shares during the last quarter. Atomi Financial Group Inc. raised its position 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 valued at $279,000 after purchasing an additional 3,759 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in MFS Multimarket Income Trust by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund's stock worth $15,337,000 after purchasing an additional 18,751 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of MFS Multimarket Income Trust during the 3rd quarter worth approximately $103,000. 18.97% of the stock is owned by institutional investors and hedge funds.
MFS Multimarket Income Trust Price Performance
MFS Multimarket Income Trust stock traded down $0.01 during midday trading on Friday, reaching $4.64. The company's stock had a trading volume of 63,774 shares, compared to its average volume of 79,151. MFS Multimarket Income Trust has a fifty-two week low of $4.43 and a fifty-two week high of $4.90. The stock's 50 day simple moving average is $4.67 and its 200 day simple moving average is $4.71.
MFS Multimarket Income Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.0337 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from MFS Multimarket Income Trust's previous monthly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a yield of 8.71%.
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.
Featured Articles
Before you consider MFS Multimarket 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 Multimarket Income Trust wasn't on the list.
While MFS Multimarket Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
