MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) Director Todd Reit bought 2,500 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average price of $4.47 per share, with a total value of $11,175.00. Following the transaction, the director owned 2,500 shares in the company, valued at approximately $11,175. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
MFS Multimarket Income Trust Stock Down 0.1%
NYSE MMT opened at $4.34 on Wednesday. MFS Multimarket Income Trust has a one year low of $4.31 and a one year high of $4.87. The company has a 50-day simple moving average of $4.45 and a 200-day simple moving average of $4.56.
MFS Multimarket Income Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be issued a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. This is a boost from MFS Multimarket Income Trust's previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, July 23rd.
Institutional Investors Weigh In On MFS Multimarket Income Trust
A number of hedge funds and other institutional investors have recently modified their holdings of MMT. Focus Partners Wealth lifted its position in MFS Multimarket Income Trust by 14.1% in the first quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund's stock worth $133,000 after purchasing an additional 3,550 shares during the period. Geneos Wealth Management Inc. boosted its stake in MFS Multimarket Income Trust by 780.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund's stock valued at $47,000 after purchasing an additional 9,001 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of MFS Multimarket Income Trust during the 2nd quarter valued at $97,000. Invesco Ltd. increased its position in shares of MFS Multimarket Income Trust by 1.6% during the 2nd quarter. Invesco Ltd. now owns 763,018 shares of the closed-end fund's stock valued at $3,586,000 after purchasing an additional 11,782 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of MFS Multimarket Income Trust by 6.6% in the 2nd quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund's stock worth $4,294,000 after buying an additional 56,346 shares in the last quarter. 18.97% of the stock is currently owned by institutional investors.
About MFS Multimarket Income Trust
(
Get Free Report)
MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.
The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.
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