Truist Financial Corp Grows Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Truist Financial Corp lifted its holdings in MFS Multimarket Income Trust (NYSE:MMTGet Rating) by 35.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,200 shares of the closed-end fund’s stock after buying an additional 8,388 shares during the quarter. Truist Financial Corp owned approximately 0.05% of MFS Multimarket Income Trust worth $171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC purchased a new stake in shares of MFS Multimarket Income Trust in the 1st quarter worth about $64,000. Howard Financial Services LTD. bought a new position in MFS Multimarket Income Trust in the 1st quarter worth about $74,000. Paradigm Financial Partners LLC bought a new position in MFS Multimarket Income Trust in the 4th quarter worth about $97,000. UMB Bank N A MO bought a new position in MFS Multimarket Income Trust in the 4th quarter worth about $121,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in MFS Multimarket Income Trust by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,412 shares of the closed-end fund’s stock worth $162,000 after purchasing an additional 2,760 shares in the last quarter. 9.87% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Trading Up 0.8 %

Shares of MFS Multimarket Income Trust stock opened at $4.80 on Monday. The firm’s 50-day moving average is $4.62 and its 200 day moving average is $5.04. MFS Multimarket Income Trust has a 1 year low of $4.34 and a 1 year high of $6.65.

MFS Multimarket Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 29th. Investors of record on Wednesday, July 20th were paid a $0.034 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date was Tuesday, July 19th.

About MFS Multimarket Income Trust

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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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Institutional Ownership by Quarter for MFS Multimarket Income Trust (NYSE:MMT)

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