Raymond James Financial Inc. Makes New $825,000 Investment in MFS Government Markets Income Trust (NYSE:MGF)

Raymond James Financial Inc. purchased a new stake in MFS Government Markets Income Trust (NYSE:MGF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 268,853 shares of the company’s stock, valued at approximately $825,000. Raymond James Financial Inc. owned approximately 0.82% of MFS Government Markets Income Trust as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gilman Hill Asset Management LLC purchased a new position in MFS Government Markets Income Trust during the fourth quarter worth $31,000. 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. Transform Wealth LLC acquired a new position in MFS Government Markets Income Trust in the 4th quarter valued at about $163,000. Ameritas Advisory Services LLC boosted its stake in shares of 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 worth $445,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its stake in shares of MFS Government Markets Income Trust by 5.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company’s stock worth $1,064,000 after purchasing an additional 18,179 shares during the last quarter. Hedge funds and other institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Down 0.5 %

MGF stock opened at $3.09 on Wednesday. The company has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $3.11. MFS Government Markets Income Trust has a one year low of $2.95 and a one year high of $3.39.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a $0.0193 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Tuesday, May 13th.

About MFS Government Markets Income Trust

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.