Atomi Financial Group Inc. Raises Stake in MFS Multimarket Income Trust (NYSE:MMT)

Atomi Financial Group Inc. lifted its position in shares of MFS Multimarket Income Trust (NYSE:MMT) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,447 shares of the closed-end fund’s stock after buying an additional 3,759 shares during the period. Atomi Financial Group Inc.’s holdings in MFS Multimarket Income Trust were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of MMT. Wolverine Asset Management LLC acquired a new stake in shares of MFS Multimarket Income Trust in the third quarter valued at $320,000. Shaker Financial Services LLC grew its stake in shares of 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 worth $1,393,000 after purchasing an additional 33,239 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in MFS Multimarket Income Trust during the third quarter worth approximately $103,000. Finally, Ashton Thomas Securities LLC acquired a new position in MFS Multimarket Income Trust during the third quarter worth approximately $85,000. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Price Performance

MMT stock opened at $4.64 on Monday. The business has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.74. MFS Multimarket Income Trust has a twelve month low of $4.43 and a twelve month high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be paid a $0.0338 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.41 dividend on an annualized basis and a yield of 8.76%.

MFS Multimarket Income Trust Company 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.