Mfs Govt Mkts (NYSE:MGF) Trading Down 2.3% – Here’s What Happened

Mfs Govt Mkts (NYSE:MGF) dropped 2.3% during trading on Tuesday . The stock traded as low as $2.93 and last traded at $2.95. Approximately 309,890 shares traded hands during mid-day trading, an increase of 459% from the average daily volume of 55,394 shares. The stock had previously closed at $3.02.

Mfs Govt Mkts Trading Down 2.3%

The firm’s 50 day moving average is $3.02 and its two-hundred day moving average is $3.06.

Mfs Govt Mkts Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.0191 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, February 17th.

Institutional Investors Weigh In On Mfs Govt Mkts

Several large investors have recently bought and sold shares of the stock. TMB Capital Partners LLC acquired a new stake in Mfs Govt Mkts in the 4th quarter valued at about $30,000. Commonwealth Equity Services LLC purchased a new stake in shares of Mfs Govt Mkts during the fourth quarter worth approximately $32,000. Mercer Global Advisors Inc. ADV acquired a new stake in Mfs Govt Mkts in the third quarter valued at approximately $32,000. Cetera Investment Advisers lifted its stake in Mfs Govt Mkts by 44.8% in the fourth quarter. Cetera Investment Advisers now owns 14,950 shares of the company’s stock worth $45,000 after acquiring an additional 4,624 shares during the last quarter. Finally, BankPlus Wealth Management LLC acquired a new position in Mfs Govt Mkts during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 54.77% of the company’s stock.

Mfs Govt Mkts Company Profile

MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund’s portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.