MFS Multimarket Income Trust $MMT Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. raised its holdings in MFS Multimarket Income Trust (NYSE:MMT) by 2.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 857,321 shares of the closed-end fund’s stock after acquiring an additional 21,042 shares during the quarter. Raymond James Financial Inc. owned 1.55% of MFS Multimarket Income Trust worth $3,987,000 as of its most recent filing with the SEC.

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

MFS Multimarket Income Trust Trading Up 0.8%

MMT opened at $4.78 on Friday. The business’s fifty day moving average is $4.69 and its two-hundred day moving average is $4.63. MFS Multimarket Income Trust has a one year low of $4.31 and a one year high of $4.90.

MFS Multimarket Income Trust Increases Dividend

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

MFS Multimarket Income Trust Company 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.