LPL Financial LLC Trims Stock Position in MFS Government Markets Income Trust (NYSE:MGF)

LPL Financial LLC cut its holdings in MFS Government Markets Income Trust (NYSE:MGF) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,139 shares of the company’s stock after selling 61,655 shares during the quarter. LPL Financial LLC owned approximately 0.47% of MFS Government Markets Income Trust worth $473,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ameritas Advisory Services LLC grew its holdings in MFS Government Markets Income Trust by 4.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock valued at $445,000 after buying an additional 6,140 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new stake in shares of MFS Government Markets Income Trust during the fourth quarter valued at $31,000. Consolidated Portfolio Review Corp boosted its stake in shares of MFS Government Markets Income Trust by 5.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company’s stock valued at $1,064,000 after acquiring an additional 18,179 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in MFS Government Markets Income Trust by 106.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock worth $145,000 after purchasing an additional 24,364 shares in the last quarter. Finally, Transform Wealth LLC acquired a new position in MFS Government Markets Income Trust in the 4th quarter valued at about $163,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

MFS Government Markets Income Trust Stock Up 0.5 %

MFS Government Markets Income Trust stock opened at $3.10 on Friday. MFS Government Markets Income Trust has a 12-month low of $2.95 and a 12-month high of $3.39. The firm’s 50-day moving average is $3.11 and its two-hundred day moving average is $3.12.

MFS Government Markets Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0195 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.23 dividend on an annualized basis and a yield of 7.55%. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02.

MFS Government Markets Income Trust Company 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.