Mosaic Family Wealth Partners LLC Decreases Stock Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Mosaic Family Wealth Partners LLC trimmed its position in MFS Multimarket Income Trust (NYSE:MMT) by 6.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 194,868 shares of the closed-end fund’s stock after selling 13,519 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in MFS Multimarket Income Trust were worth $902,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MMT. Allspring Global Investments Holdings LLC increased its position in MFS Multimarket Income Trust by 17.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,375,580 shares of the closed-end fund’s stock valued at $10,999,000 after purchasing an additional 354,438 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in MFS Multimarket Income Trust by 3.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 670,957 shares of the closed-end fund’s stock valued at $3,107,000 after purchasing an additional 23,283 shares during the period. 1607 Capital Partners LLC increased its position in MFS Multimarket Income Trust by 409.1% during the 4th quarter. 1607 Capital Partners LLC now owns 432,171 shares of the closed-end fund’s stock valued at $1,966,000 after purchasing an additional 347,281 shares during the period. Janney Montgomery Scott LLC increased its position in MFS Multimarket Income Trust by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund’s stock valued at $1,312,000 after purchasing an additional 5,095 shares during the period. Finally, Shaker Financial Services LLC increased its position in MFS Multimarket Income Trust by 3.6% during the 4th quarter. Shaker Financial Services LLC now owns 215,627 shares of the closed-end fund’s stock valued at $981,000 after purchasing an additional 7,438 shares during the period. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Stock Performance

MFS Multimarket Income Trust stock remained flat at $4.77 during mid-day trading on Friday. 57,434 shares of the company’s stock were exchanged, compared to its average volume of 76,120. The stock’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.62. MFS Multimarket Income Trust has a fifty-two week low of $4.04 and a fifty-two week high of $4.82.

MFS Multimarket Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.034 per share. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.41 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Tuesday, August 13th.

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.