836,279 Shares in MFS Multimarket Income Trust (NYSE:MMT) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of MFS Multimarket Income Trust (NYSE:MMT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 836,279 shares of the closed-end fund’s stock, valued at approximately $3,922,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MMT. Allspring Global Investments Holdings LLC grew its position in shares of MFS Multimarket Income Trust by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund’s stock valued at $15,337,000 after acquiring an additional 18,751 shares during the period. Janney Montgomery Scott LLC grew its position in shares of MFS Multimarket Income Trust by 33.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock valued at $1,723,000 after purchasing an additional 92,815 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of MFS Multimarket Income Trust by 6.8% in the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock valued at $279,000 after acquiring an additional 3,759 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in MFS Multimarket Income Trust in the 3rd quarter worth approximately $103,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Stock Performance

NYSE MMT opened at $4.66 on Thursday. The stock’s 50-day simple moving average is $4.66 and its two-hundred day simple moving average is $4.71. MFS Multimarket Income Trust has a twelve month low of $4.43 and a twelve month high of $4.90.

MFS Multimarket Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $0.0337 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date is Tuesday, March 18th. This is a boost from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

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.