Raymond James Financial Inc. Invests $3.92 Million in MFS Multimarket Income Trust (NYSE:MMT)

Raymond James Financial Inc. acquired a new stake in MFS Multimarket Income Trust (NYSE:MMT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 836,279 shares of the closed-end fund’s stock, valued at approximately $3,922,000. Raymond James Financial Inc. owned about 1.51% of MFS Multimarket Income Trust as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MMT. Allspring Global Investments Holdings LLC boosted its stake in shares of MFS Multimarket Income Trust by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund’s stock valued at $15,337,000 after purchasing an additional 18,751 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of 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 period. Atomi Financial Group Inc. increased its position in shares of MFS Multimarket Income Trust by 6.8% during the fourth quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock worth $279,000 after acquiring an additional 3,759 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of MFS Multimarket Income Trust in the third quarter valued at about $103,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Down 0.3 %

Shares of MMT opened at $4.66 on Thursday. MFS Multimarket Income Trust has a twelve month low of $4.43 and a twelve month high of $4.90. The company has a 50 day moving average of $4.66 and a 200-day moving average of $4.71.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0337 per share. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 8.68%. The ex-dividend date is Tuesday, March 18th.

About MFS Multimarket Income Trust

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.