Landscape Capital Management L.L.C. Trims Stake in MFS Government Markets Income Trust (NYSE:MGF)

Landscape Capital Management L.L.C. reduced its position in MFS Government Markets Income Trust (NYSE:MGF) by 51.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,433 shares of the company’s stock after selling 66,675 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in MFS Government Markets Income Trust were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WMG Financial Advisors LLC purchased a new stake in MFS Government Markets Income Trust in the 2nd quarter worth about $31,000. Dynamic Advisor Solutions LLC purchased a new stake in MFS Government Markets Income Trust in the 3rd quarter worth about $76,000. Wolverine Asset Management LLC purchased a new stake in MFS Government Markets Income Trust in the 2nd quarter worth about $302,000. Private Advisor Group LLC purchased a new stake in MFS Government Markets Income Trust in the 3rd quarter worth about $457,000. Finally, Shaker Financial Services LLC bought a new position in MFS Government Markets Income Trust in the 2nd quarter worth about $688,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

MFS Government Markets Income Trust Stock Performance

Shares of MGF stock opened at $3.12 on Tuesday. The company’s 50-day simple moving average is $3.20 and its two-hundred day simple moving average is $3.16. MFS Government Markets Income Trust has a one year low of $3.02 and a one year high of $3.39.

MFS Government Markets Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a $0.0199 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.24 dividend on an annualized basis and a yield of 7.65%.

MFS Government Markets Income Trust Profile

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.