Broadway Wealth Solutions Inc. Takes $70,000 Position in MFS Multimarket Income Trust (NYSE:MMT)

Broadway Wealth Solutions Inc. acquired a new stake in shares of MFS Multimarket Income Trust (NYSE:MMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,900 shares of the closed-end fund’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of MFS Multimarket Income Trust by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund’s stock worth $15,337,000 after buying an additional 18,751 shares during the last quarter. Raymond James Financial Inc. purchased a new position in MFS Multimarket Income Trust in the fourth quarter worth about $3,922,000. Janney Montgomery Scott LLC grew its stake 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 during the period. Commonwealth Equity Services LLC increased its position in shares of MFS Multimarket Income Trust by 4.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund’s stock valued at $860,000 after purchasing an additional 7,055 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake 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 worth $279,000 after purchasing an additional 3,759 shares during the period. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

MMT opened at $4.65 on Friday. MFS Multimarket Income Trust has a 12-month low of $4.43 and a 12-month high of $4.90. The company’s 50 day moving average is $4.67 and its 200 day moving average is $4.71.

MFS Multimarket Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.0337 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.69%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, March 18th.

MFS Multimarket Income Trust 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.