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

Stifel Financial Corp lessened its stake in MFS Multimarket Income Trust (NYSE:MMT) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241,848 shares of the closed-end fund’s stock after selling 15,956 shares during the quarter. Stifel Financial Corp owned approximately 0.44% of MFS Multimarket Income Trust worth $1,178,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its holdings in shares of MFS Multimarket Income Trust by 19.5% during the second quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock valued at $261,000 after acquiring an additional 9,110 shares during the last quarter. Commonwealth Equity Services LLC raised 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 valued at $788,000 after purchasing an additional 32,358 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in MFS Multimarket Income Trust in the 3rd quarter valued at $320,000. Allspring Global Investments Holdings LLC lifted its holdings in MFS Multimarket Income Trust by 36.9% in 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 purchasing an additional 875,755 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its stake in MFS Multimarket Income Trust by 13.1% during the 3rd quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund’s stock worth $1,393,000 after purchasing an additional 33,239 shares during the last quarter. 18.97% of the stock is currently owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Trading Up 0.7 %

Shares of NYSE MMT opened at $4.60 on Monday. The firm has a 50-day simple moving average of $4.73 and a 200-day simple moving average of $4.74. MFS Multimarket Income Trust has a 52 week low of $4.43 and a 52 week high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0339 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.41 annualized dividend and a yield of 8.83%.

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.