Mfs Govt Mkts (NYSE:MGF - Get Free Report) Director Todd Reit purchased 3,900 shares of Mfs Govt Mkts stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average price of $2.85 per share, with a total value of $11,115.00. Following the acquisition, the director owned 3,900 shares in the company, valued at approximately $11,115. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Mfs Govt Mkts Trading Up 0.4%
NYSE MGF opened at $2.82 on Wednesday. The firm's 50 day moving average price is $2.85 and its 200-day moving average price is $2.92. Mfs Govt Mkts has a 52-week low of $2.79 and a 52-week high of $3.14.
Mfs Govt Mkts Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be given a dividend of $0.02 per share. This is a boost from Mfs Govt Mkts's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a yield of 8.5%.
Institutional Investors Weigh In On Mfs Govt Mkts
A number of hedge funds have recently made changes to their positions in MGF. Cetera Investment Advisers grew its stake in Mfs Govt Mkts by 44.8% in the fourth quarter. Cetera Investment Advisers now owns 14,950 shares of the company's stock valued at $45,000 after purchasing an additional 4,624 shares during the last quarter. TMB Capital Partners LLC bought a new stake in shares of Mfs Govt Mkts in the 4th quarter valued at about $30,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Mfs Govt Mkts in the 3rd quarter worth approximately $32,000. Commonwealth Equity Services LLC bought a new position in shares of Mfs Govt Mkts during the 4th quarter worth approximately $32,000. Finally, Csenge Advisory Group lifted its position in Mfs Govt Mkts by 51.8% during the fourth quarter. Csenge Advisory Group now owns 31,322 shares of the company's stock valued at $95,000 after acquiring an additional 10,694 shares during the last quarter. 54.77% of the stock is currently owned by hedge funds and other institutional investors.
Mfs Govt Mkts Company Profile
(
Get Free Report)
MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund's portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.
The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.
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