Mosaic Family Wealth LLC boosted its position in MFS Multimarket Income Trust (NYSE:MMT) by 41.0% in the 1st quarter, Holdings Channel reports. The firm owned 76,081 shares of the closed-end fund’s stock after acquiring an additional 22,128 shares during the period. Mosaic Family Wealth LLC’s holdings in MFS Multimarket Income Trust were worth $432,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of MMT. 1607 Capital Partners LLC lifted its stake in MFS Multimarket Income Trust by 13.5% in the 4th quarter. 1607 Capital Partners LLC now owns 1,257,272 shares of the closed-end fund’s stock valued at $6,437,000 after purchasing an additional 149,200 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in MFS Multimarket Income Trust in the 1st quarter valued at about $711,000. Lido Advisors LLC lifted its stake in MFS Multimarket Income Trust by 84.6% in the 4th quarter. Lido Advisors LLC now owns 131,864 shares of the closed-end fund’s stock valued at $675,000 after purchasing an additional 60,440 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in MFS Multimarket Income Trust in the 1st quarter valued at about $177,000. Finally, Cetera Investment Advisers lifted its stake in MFS Multimarket Income Trust by 147.1% in the 1st quarter. Cetera Investment Advisers now owns 47,860 shares of the closed-end fund’s stock valued at $270,000 after purchasing an additional 28,490 shares during the last quarter. Institutional investors and hedge funds own 13.98% of the company’s stock.
NYSE:MMT traded up $0.04 during mid-day trading on Wednesday, hitting $5.79. The stock had a trading volume of 2,123 shares, compared to its average volume of 155,313. MFS Multimarket Income Trust has a twelve month low of $5.01 and a twelve month high of $5.80.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.041 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.49 annualized dividend and a yield of 8.50%.
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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.
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