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

Janney Montgomery Scott LLC lifted its stake in shares of MFS Multimarket Income Trust (NYSE:MMT – Get Rating) by 3.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 272,054 shares of the closed-end fund’s stock after buying an additional 9,958 shares during the period. Janney Montgomery Scott LLC’s holdings in MFS Multimarket Income Trust were worth $1,151,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MMT. Cambridge Investment Research Advisors Inc. boosted its position in shares of MFS Multimarket Income Trust by 25.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,074 shares of the closed-end fund’s stock valued at $144,000 after buying an additional 5,505 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of MFS Multimarket Income Trust by 47.9% during the first quarter. NewEdge Advisors LLC now owns 76,900 shares of the closed-end fund’s stock valued at $408,000 after buying an additional 24,900 shares during the last quarter. KCM Investment Advisors LLC purchased a new position in shares of MFS Multimarket Income Trust during the first quarter valued at approximately $53,000. Invesco Ltd. boosted its position in shares of MFS Multimarket Income Trust by 22.1% during the first quarter. Invesco Ltd. now owns 601,035 shares of the closed-end fund’s stock valued at $3,191,000 after buying an additional 108,900 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of MFS Multimarket Income Trust during the first quarter valued at approximately $121,000. Hedge funds and other institutional investors own 17.37% of the company’s stock.

MFS Multimarket Income Trust Stock Performance

Shares of NYSE:MMT opened at $4.72 on Wednesday. MFS Multimarket Income Trust has a 1 year low of $4.12 and a 1 year high of $5.98. The business has a fifty day moving average price of $4.52 and a two-hundred day moving average price of $4.53.

MFS Multimarket Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Wednesday, January 18th will be issued a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date of this dividend is Tuesday, January 17th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

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.