Commonwealth Equity Services LLC Increases Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Commonwealth Equity Services LLC lifted its holdings in MFS Multimarket Income Trust (NYSE:MMT) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,356 shares of the closed-end fund’s stock after acquiring an additional 7,055 shares during the period. Commonwealth Equity Services LLC owned 0.33% of MFS Multimarket Income Trust worth $860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of MFS Multimarket Income Trust in the 4th quarter valued at approximately $72,000. Raymond James Financial Inc. bought a new stake in MFS Multimarket Income Trust in the fourth quarter worth $3,922,000. Allspring Global Investments Holdings LLC lifted its position in MFS Multimarket Income Trust by 0.6% in 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 buying an additional 18,751 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock worth $1,723,000 after buying an additional 92,815 shares during the period. Finally, Atomi Financial Group Inc. increased its position in 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 valued at $279,000 after acquiring an additional 3,759 shares during the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

Shares of MMT opened at $4.68 on Wednesday. The company’s fifty day simple moving average is $4.67 and its 200-day simple moving average is $4.71. MFS Multimarket Income Trust has a twelve month low of $4.43 and a twelve month high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $0.0337 dividend. This is a positive change 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 8.65%. The ex-dividend date of this dividend was 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.