Broadway Wealth Solutions Inc. Makes New Investment in MFS Multimarket Income Trust (NYSE:MMT)

Broadway Wealth Solutions Inc. acquired a new stake in MFS Multimarket Income Trust (NYSE:MMT) during the 4th quarter, Holdings Channel reports. The firm acquired 14,900 shares of the closed-end fund’s stock, valued at approximately $70,000.

A number of other hedge funds have also recently made changes to their positions in the business. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in MFS Multimarket Income Trust during the 4th quarter valued at approximately $72,000. Kovitz Investment Group Partners LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter valued at approximately $103,000. Ashton Thomas Securities LLC raised its position in shares of MFS Multimarket Income Trust by 97.1% during the fourth quarter. Ashton Thomas Securities LLC now owns 34,500 shares of the closed-end fund’s stock valued at $162,000 after buying an additional 17,000 shares during the last quarter. Atomi Financial Group Inc. lifted 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 worth $279,000 after buying an additional 3,759 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of MFS Multimarket Income Trust by 4.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund’s stock worth $860,000 after acquiring an additional 7,055 shares during the last quarter. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Trading Up 0.2 %

Shares of MMT stock opened at $4.65 on Friday. The company’s fifty day simple moving average is $4.67 and its two-hundred day simple moving average is $4.71. MFS Multimarket Income Trust has a 52 week low of $4.43 and a 52 week high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0337 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a yield of 8.69%.

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.