Allworth Financial LP Acquires New Shares in MFS Multimarket Income Trust $MMT

Allworth Financial LP bought a new position in shares of MFS Multimarket Income Trust (NYSE:MMT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,500 shares of the closed-end fund’s stock, valued at approximately $176,000. Allworth Financial LP owned approximately 0.07% of MFS Multimarket Income Trust at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of MFS Multimarket Income Trust by 8.6% during the first quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund’s stock worth $3,493,000 after acquiring an additional 59,190 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of MFS Multimarket Income Trust by 2.5% in the first quarter. Raymond James Financial Inc. now owns 857,321 shares of the closed-end fund’s stock valued at $3,987,000 after buying an additional 21,042 shares in the last quarter. 1607 Capital Partners LLC lifted its stake in MFS Multimarket Income Trust by 66.4% in the 1st quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund’s stock valued at $2,834,000 after purchasing an additional 243,267 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of MFS Multimarket Income Trust during the 1st quarter worth approximately $195,000. Finally, LPL Financial LLC raised its holdings in MFS Multimarket Income Trust by 5.9% in the 1st quarter. LPL Financial LLC now owns 465,133 shares of the closed-end fund’s stock valued at $2,163,000 after acquiring an additional 25,828 shares during the period. 18.97% of the stock is currently owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Price Performance

MMT opened at $4.68 on Wednesday. MFS Multimarket Income Trust has a fifty-two week low of $4.31 and a fifty-two week high of $4.87. The stock has a fifty day moving average of $4.75 and a 200-day moving average of $4.69.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.0339 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, November 18th.

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.