Shaker Financial Services LLC Increases Position in MFS Multimarket Income Trust (NYSE:MMT)

Shaker Financial Services LLC lifted its position in MFS Multimarket Income Trust (NYSE:MMT) by 13.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 286,096 shares of the closed-end fund’s stock after purchasing an additional 33,239 shares during the period. Shaker Financial Services LLC owned 0.50% of MFS Multimarket Income Trust worth $1,393,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atomi Financial Group Inc. increased its position 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 worth $261,000 after purchasing an additional 9,110 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of MFS Multimarket Income Trust by 11.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 136,111 shares of the closed-end fund’s stock worth $630,000 after acquiring an additional 13,565 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of MFS Multimarket Income Trust by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund’s stock worth $1,312,000 after acquiring an additional 5,095 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of MFS Multimarket Income Trust by 36.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock worth $15,216,000 after purchasing an additional 875,755 shares during the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Performance

MMT opened at $4.74 on Thursday. MFS Multimarket Income Trust has a twelve month low of $4.25 and a twelve month high of $4.90. The company has a 50-day moving average price of $4.81 and a 200 day moving average price of $4.72.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be given a dividend of $0.0342 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.41 annualized dividend and a dividend yield of 8.65%.

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.