Raymond James & Associates Sells 7,187 Shares of MFS Multimarket Income Trust (NYSE:MMT)

Raymond James & Associates reduced its holdings in MFS Multimarket Income Trust (NYSE:MMTFree Report) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,360 shares of the closed-end fund’s stock after selling 7,187 shares during the quarter. Raymond James & Associates owned about 0.08% of MFS Multimarket Income Trust worth $189,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its holdings in MFS Multimarket Income Trust by 287.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,278 shares of the closed-end fund’s stock worth $50,000 after purchasing an additional 8,364 shares during the period. Kestra Advisory Services LLC bought a new position in MFS Multimarket Income Trust in the second quarter worth approximately $52,000. KCM Investment Advisors LLC bought a new position in MFS Multimarket Income Trust in the first quarter worth approximately $53,000. Captrust Financial Advisors bought a new position in MFS Multimarket Income Trust in the second quarter worth approximately $54,000. Finally, Jane Street Group LLC bought a new position in MFS Multimarket Income Trust in the first quarter worth approximately $58,000. 17.87% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Trading Up 0.4 %

Shares of NYSE:MMT opened at $4.66 on Thursday. The business’s 50 day simple moving average is $4.56 and its two-hundred day simple moving average is $4.42. MFS Multimarket Income Trust has a 52-week low of $4.04 and a 52-week high of $4.86.

MFS Multimarket Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.034 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.41 annualized dividend and a yield of 8.76%.

MFS Multimarket Income Trust Company Profile

(Free Report)

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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