Allspring Global Investments Holdings LLC Lowers Position in MFS Government Markets Income Trust (NYSE:MGF)

Allspring Global Investments Holdings LLC cut its holdings in shares of MFS Government Markets Income Trust (NYSE:MGF) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,647,128 shares of the company’s stock after selling 9,500 shares during the quarter. Allspring Global Investments Holdings LLC owned about 5.05% of MFS Government Markets Income Trust worth $5,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of MGF. Private Advisor Group LLC purchased a new position in MFS Government Markets Income Trust during the third quarter worth about $457,000. Transform Wealth LLC purchased a new position in shares of MFS Government Markets Income Trust during the 4th quarter worth approximately $163,000. Consolidated Portfolio Review Corp boosted its position in shares of MFS Government Markets Income Trust by 9.5% during the third quarter. Consolidated Portfolio Review Corp now owns 328,369 shares of the company’s stock worth $1,087,000 after buying an additional 28,592 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of MFS Government Markets Income Trust by 106.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock worth $145,000 after buying an additional 24,364 shares during the period. Finally, L.M. Kohn & Company purchased a new position in shares of MFS Government Markets Income Trust during the third quarter worth $78,000. Hedge funds and other institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Performance

Shares of MFS Government Markets Income Trust stock opened at $3.07 on Thursday. The business has a 50-day moving average of $3.08 and a 200 day moving average of $3.16. MFS Government Markets Income Trust has a 12 month low of $2.95 and a 12 month high of $3.39.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.0192 dividend. This represents a $0.23 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Tuesday, February 18th.

MFS Government Markets Income Trust Company Profile

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.