HighTower Advisors LLC Takes Position in MFS Multimarket Income Trust $MMT

HighTower Advisors LLC bought a new position in MFS Multimarket Income Trust (NYSE:MMT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,935 shares of the closed-end fund’s stock, valued at approximately $195,000. HighTower Advisors LLC owned 0.08% of MFS Multimarket Income Trust as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of MFS Multimarket Income Trust by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 371,451 shares of the closed-end fund’s stock worth $1,727,000 after buying an additional 4,159 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of MFS Multimarket Income Trust in the fourth quarter worth $49,000. Cetera Investment Advisers increased its stake in shares of MFS Multimarket Income Trust by 6.3% in the first quarter. Cetera Investment Advisers now owns 187,540 shares of the closed-end fund’s stock worth $872,000 after buying an additional 11,066 shares during the period. Citadel Advisors LLC purchased a new position in shares of MFS Multimarket Income Trust in the fourth quarter worth $68,000. Finally, Founders Financial Alliance LLC purchased a new position in shares of MFS Multimarket Income Trust in the first quarter worth $70,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Stock Down 0.2%

Shares of NYSE MMT opened at $4.76 on Friday. MFS Multimarket Income Trust has a 52 week low of $4.31 and a 52 week high of $4.90. The firm’s fifty day moving average is $4.69 and its 200 day moving average is $4.63.

MFS Multimarket Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.0337 dividend. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

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.