Commonwealth Equity Services LLC Acquires 32,358 Shares of MFS Multimarket Income Trust (NYSE:MMT)

Commonwealth Equity Services LLC lifted its holdings in shares of MFS Multimarket Income Trust (NYSE:MMT) by 23.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,469 shares of the closed-end fund’s stock after purchasing an additional 32,358 shares during the quarter. Commonwealth Equity Services LLC owned 0.29% of MFS Multimarket Income Trust worth $788,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MMT. Janney Montgomery Scott LLC increased its stake in MFS Multimarket Income Trust by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 283,337 shares of the closed-end fund’s stock valued at $1,312,000 after acquiring an additional 5,095 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of MFS Multimarket Income Trust by 19.5% during the second quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock worth $261,000 after buying an additional 9,110 shares during the last quarter. 1607 Capital Partners LLC grew its stake in shares of MFS Multimarket Income Trust by 409.1% during the fourth quarter. 1607 Capital Partners LLC now owns 432,171 shares of the closed-end fund’s stock worth $1,966,000 after buying an additional 347,281 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of MFS Multimarket Income Trust by 17.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,375,580 shares of the closed-end fund’s stock worth $10,999,000 after buying an additional 354,438 shares during the last quarter. 18.97% of the stock is owned by institutional investors.

MFS Multimarket Income Trust Price Performance

NYSE MMT opened at $4.83 on Thursday. The firm’s fifty day moving average price is $4.76 and its two-hundred day moving average price is $4.66. MFS Multimarket Income Trust has a fifty-two week low of $4.04 and a fifty-two week high of $4.85.

MFS Multimarket Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a $0.0341 dividend. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.41 annualized dividend and a yield of 8.47%.

About MFS Multimarket Income Trust

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.