Janney Montgomery Scott LLC Boosts Stock Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Janney Montgomery Scott LLC lifted its holdings in MFS Multimarket Income Trust (NYSE:MMT) by 33.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 367,292 shares of the closed-end fund’s stock after purchasing an additional 92,815 shares during the period. Janney Montgomery Scott LLC’s holdings in MFS Multimarket Income Trust were worth $1,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMT. Shaker Financial Services LLC boosted its position in MFS Multimarket Income Trust by 13.1% during the third quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund’s stock valued at $1,393,000 after purchasing an additional 33,239 shares in the last quarter. Wolverine Asset Management LLC bought a new position in MFS Multimarket Income Trust in the third quarter worth about $320,000. Atomi Financial Group Inc. lifted its position in shares of MFS Multimarket Income Trust by 6.8% during the fourth quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock valued at $279,000 after buying an additional 3,759 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter valued at about $103,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter valued at about $85,000. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Price Performance

NYSE:MMT opened at $4.70 on Monday. MFS Multimarket Income Trust has a 52 week low of $4.43 and a 52 week high of $4.90. The firm has a 50 day moving average of $4.66 and a 200 day moving average of $4.73.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.0338 per share. The ex-dividend date was Tuesday, January 14th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.64%.

MFS Multimarket Income Trust 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.