Wells Fargo & Company MN Lowers Stock Position in MFS Multimarket Income Trust (NYSE:MMT)

Wells Fargo & Company MN lessened its stake in MFS Multimarket Income Trust (NYSE:MMT) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,091 shares of the closed-end fund’s stock after selling 30,520 shares during the period. Wells Fargo & Company MN owned approximately 0.11% of MFS Multimarket Income Trust worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MMT. Broadway Wealth Solutions Inc. bought a new position in MFS Multimarket Income Trust during the fourth quarter valued at approximately $70,000. Ashton Thomas Securities LLC raised its position in MFS Multimarket Income Trust by 97.1% in the 4th quarter. Ashton Thomas Securities LLC now owns 34,500 shares of the closed-end fund’s stock worth $162,000 after purchasing an additional 17,000 shares during the period. Commonwealth Equity Services LLC lifted its stake in MFS Multimarket Income Trust by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund’s stock worth $860,000 after purchasing an additional 7,055 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in MFS Multimarket Income Trust during the fourth quarter valued at about $72,000. Finally, Raymond James Financial Inc. bought a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at about $3,922,000. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Trading Down 0.3 %

MFS Multimarket Income Trust stock opened at $4.60 on Wednesday. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The firm has a 50-day moving average of $4.57 and a 200-day moving average of $4.65.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.0327 dividend. This represents a $0.39 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Tuesday, May 13th.

MFS Multimarket Income Trust Profile

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.