PVG Asset Management Corp Invests $1.44 Million in MFS Government Markets Income Trust (NYSE:MGF)

PVG Asset Management Corp acquired a new stake in shares of MFS Government Markets Income Trust (NYSE:MGF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 468,920 shares of the company’s stock, valued at approximately $1,440,000. MFS Government Markets Income Trust comprises about 5.7% of PVG Asset Management Corp’s holdings, making the stock its 6th largest holding.

A number of other institutional investors have also modified their holdings of the business. Shaker Financial Services LLC acquired a new position in MFS Government Markets Income Trust in the second quarter valued at approximately $688,000. Wolverine Asset Management LLC acquired a new position in MFS Government Markets Income Trust during the 2nd quarter valued at approximately $302,000. WMG Financial Advisors LLC acquired a new position in MFS Government Markets Income Trust during the 2nd quarter valued at approximately $31,000. Allspring Global Investments Holdings LLC grew its stake in MFS Government Markets Income Trust by 1.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,847,628 shares of the company’s stock worth $5,672,000 after buying an additional 24,717 shares during the last quarter. Finally, Kraft Davis & Associates LLC acquired a new stake in MFS Government Markets Income Trust in the first quarter worth $566,000. Institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Price Performance

Shares of MGF opened at $3.31 on Tuesday. The firm has a fifty day moving average of $3.21 and a 200-day moving average of $3.14. MFS Government Markets Income Trust has a 1 year low of $2.91 and a 1 year high of $3.39.

MFS Government Markets Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.0202 per share. This represents a $0.24 dividend on an annualized basis and a yield of 7.33%. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, September 17th.

About MFS Government Markets Income Trust

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.