MFS Government Markets Income Trust (NYSE:MGF) Trading Down 0.6%

MFS Government Markets Income Trust (NYSE:MGFGet Free Report) was down 0.6% during mid-day trading on Monday . The stock traded as low as $3.18 and last traded at $3.18. Approximately 122,775 shares traded hands during trading, a decline of 3% from the average daily volume of 126,696 shares. The stock had previously closed at $3.20.

MFS Government Markets Income Trust Trading Down 0.6 %

The firm’s 50-day moving average is $3.14 and its 200-day moving average is $3.11.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.0201 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.24 annualized dividend and a yield of 7.57%.

Institutional Trading of MFS Government Markets Income Trust

Several large investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in MFS Government Markets Income Trust by 0.9% during the first quarter. LPL Financial LLC now owns 424,987 shares of the company’s stock valued at $1,402,000 after buying an additional 3,619 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of MFS Government Markets Income Trust by 11.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,487 shares of the company’s stock worth $116,000 after purchasing an additional 3,795 shares during the period. Coastal Bridge Advisors LLC boosted its position in shares of MFS Government Markets Income Trust by 50.0% in the fourth quarter. Coastal Bridge Advisors LLC now owns 15,000 shares of the company’s stock worth $48,000 after purchasing an additional 5,000 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of MFS Government Markets Income Trust by 92.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 15,765 shares of the company’s stock worth $52,000 after purchasing an additional 7,571 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of MFS Government Markets Income Trust in the first quarter worth approximately $29,000. 54.77% of the stock is currently owned by institutional investors.

About MFS Government Markets Income Trust

(Get Free Report)

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.

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