Truist Financial Corp Raises Stock Position in MFS Multimarket Income Trust (NYSE:MMT)

Truist Financial Corp boosted its position in shares of MFS Multimarket Income Trust (NYSE:MMT – Get Rating) by 35.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,200 shares of the closed-end fund’s stock after acquiring an additional 8,388 shares during the period. Truist Financial Corp owned 0.05% of MFS Multimarket Income Trust worth $171,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC purchased a new position in MFS Multimarket Income Trust during the first quarter valued at approximately $64,000. Howard Financial Services LTD. purchased a new position in MFS Multimarket Income Trust during the first quarter valued at approximately $74,000. Paradigm Financial Partners LLC purchased a new position in MFS Multimarket Income Trust during the fourth quarter valued at approximately $97,000. UMB Bank N A MO purchased a new position in MFS Multimarket Income Trust during the fourth quarter valued at approximately $121,000. Finally, Steward Partners Investment Advisory LLC grew its stake in MFS Multimarket Income Trust by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,412 shares of the closed-end fund’s stock valued at $162,000 after acquiring an additional 2,760 shares in the last quarter. Hedge funds and other institutional investors own 9.87% of the company’s stock.

MFS Multimarket Income Trust Trading Up 0.8 %

Shares of MFS Multimarket Income Trust stock opened at $4.80 on Monday. MFS Multimarket Income Trust has a 1 year low of $4.34 and a 1 year high of $6.65. The company has a 50 day simple moving average of $4.62 and a two-hundred day simple moving average of $5.04.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, July 20th were given a dividend of $0.034 per share. The ex-dividend date was Tuesday, July 19th. This represents a $0.41 annualized dividend and a yield of 8.50%.

MFS Multimarket Income Trust Profile

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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.