Stifel Financial Corp Reduces Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Stifel Financial Corp lowered its position in shares of MFS Multimarket Income Trust (NYSE:MMT) by 6.2% in the third quarter, Holdings Channel reports. The institutional investor owned 241,848 shares of the closed-end fund’s stock after selling 15,956 shares during the quarter. Stifel Financial Corp’s holdings in MFS Multimarket Income Trust were worth $1,178,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. grew its position in MFS Multimarket Income Trust by 19.5% in the second quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock worth $261,000 after acquiring an additional 9,110 shares during the period. Commonwealth Equity Services LLC raised its position in MFS Multimarket Income Trust by 23.8% in the second quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock valued at $788,000 after purchasing an additional 32,358 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of MFS Multimarket Income Trust in the 3rd quarter valued at $320,000. Allspring Global Investments Holdings LLC grew its holdings in shares of MFS Multimarket Income Trust by 36.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock worth $15,216,000 after purchasing an additional 875,755 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of MFS Multimarket Income Trust by 13.1% during the 3rd 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 during the period. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Performance

Shares of MMT opened at $4.60 on Monday. The company’s 50-day moving average price is $4.73 and its 200 day moving average price is $4.74. MFS Multimarket Income Trust has a 12-month low of $4.43 and a 12-month high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0339 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Tuesday, December 17th.

About MFS Multimarket Income Trust

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.