MFS Government Markets Income Trust (NYSE:MGF) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC cut its position in shares of MFS Government Markets Income Trust (NYSE:MGF) by 44.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,815 shares of the company’s stock after selling 99,373 shares during the quarter. Shaker Financial Services LLC’s holdings in MFS Government Markets Income Trust were worth $413,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Karpus Management Inc. boosted its holdings in shares of MFS Government Markets Income Trust by 47.5% in the 1st quarter. Karpus Management Inc. now owns 2,655,475 shares of the company’s stock valued at $8,498,000 after buying an additional 854,941 shares during the period. Kraft Davis & Associates LLC acquired a new stake in MFS Government Markets Income Trust during the first quarter worth about $566,000. Allspring Global Investments Holdings LLC lifted its holdings in MFS Government Markets Income Trust by 1.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,847,628 shares of the company’s stock worth $5,672,000 after acquiring an additional 24,717 shares during the last quarter. WMG Financial Advisors LLC acquired a new position in MFS Government Markets Income Trust in the second quarter valued at approximately $31,000. Finally, Wolverine Asset Management LLC bought a new position in shares of MFS Government Markets Income Trust during the second quarter valued at approximately $302,000. Institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Performance

Shares of MFS Government Markets Income Trust stock opened at $3.18 on Friday. MFS Government Markets Income Trust has a twelve month low of $3.02 and a twelve month high of $3.39. The business’s 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.15.

MFS Government Markets Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a $0.0199 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Tuesday, November 12th.

MFS Government Markets Income Trust Profile

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.