Commonwealth Equity Services LLC Raises Stock Position in MFS Multimarket Income Trust (NYSE:MMT)

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

A number of other large investors have also recently modified their holdings of MMT. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in MFS Multimarket Income Trust during the 4th quarter valued at $72,000. Kovitz Investment Group Partners LLC purchased a new position in shares of MFS Multimarket Income Trust during the third quarter valued at $103,000. Atomi Financial Group Inc. raised its holdings in shares of MFS Multimarket Income Trust by 6.8% in 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 in the last quarter. Janney Montgomery Scott LLC lifted its stake in 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 worth $1,723,000 after acquiring an additional 92,815 shares during the period. Finally, Raymond James Financial Inc. bought a new position in MFS Multimarket Income Trust during the 4th quarter worth about $3,922,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

NYSE MMT opened at $4.68 on Wednesday. MFS Multimarket Income Trust has a one year low of $4.43 and a one year high of $4.90. The company’s 50-day simple moving average is $4.67 and its two-hundred day simple moving average is $4.71.

MFS Multimarket Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $0.0337 per share. This represents a $0.40 annualized dividend and a yield of 8.65%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. 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.