MFS Multimarket Income Trust (NYSE:MMT) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of MFS Multimarket Income Trust (NYSE:MMT) by 50.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,011 shares of the closed-end fund’s stock after selling 10,317 shares during the period. Truist Financial Corp’s holdings in MFS Multimarket Income Trust were worth $47,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MMT. Allspring Global Investments Holdings LLC lifted its position in shares of MFS Multimarket Income Trust by 36.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock valued at $15,216,000 after acquiring an additional 875,755 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of MFS Multimarket Income Trust by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund’s stock valued at $1,312,000 after purchasing an additional 5,095 shares during the last quarter. Shaker Financial Services LLC boosted its position in shares of MFS Multimarket Income Trust by 9.7% in the 2nd quarter. Shaker Financial Services LLC now owns 252,857 shares of the closed-end fund’s stock valued at $1,183,000 after purchasing an additional 22,331 shares during the period. Commonwealth Equity Services LLC increased its stake in MFS Multimarket Income Trust by 23.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock worth $788,000 after purchasing an additional 32,358 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in MFS Multimarket Income Trust by 19.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock worth $261,000 after buying an additional 9,110 shares during the period. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Price Performance

MMT stock opened at $4.80 on Monday. MFS Multimarket Income Trust has a one year low of $4.04 and a one year high of $4.90. The firm has a 50-day moving average of $4.81 and a two-hundred day moving average of $4.70.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.0346 dividend. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.41 dividend on an annualized basis and a yield of 8.64%.

MFS Multimarket Income Trust Profile

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.