Shaker Financial Services LLC Reduces Holdings in MFS Government Markets Income Trust (NYSE:MGF)

Shaker Financial Services LLC lowered its position in MFS Government Markets Income Trust (NYSE:MGF) by 44.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,815 shares of the company’s stock after selling 99,373 shares during the quarter. Shaker Financial Services LLC owned 0.38% of MFS Government Markets Income Trust worth $413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WMG Financial Advisors LLC acquired a new position in shares of MFS Government Markets Income Trust in the second quarter worth about $31,000. Dynamic Advisor Solutions LLC acquired a new position in shares of MFS Government Markets Income Trust in the 3rd quarter valued at approximately $76,000. Wolverine Asset Management LLC purchased a new position in shares of MFS Government Markets Income Trust during the 2nd quarter valued at approximately $302,000. Private Advisor Group LLC acquired a new stake in shares of MFS Government Markets Income Trust during the third quarter worth approximately $457,000. Finally, Kraft Davis & Associates LLC bought a new stake in shares of MFS Government Markets Income Trust in the first quarter worth $566,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

MFS Government Markets Income Trust Price Performance

MGF opened at $3.18 on Friday. MFS Government Markets Income Trust has a 12-month low of $3.02 and a 12-month high of $3.39. The firm’s fifty day moving average price is $3.24 and its 200 day moving average price is $3.15.

MFS Government Markets Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be paid a $0.0199 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.52%.

About MFS Government Markets Income Trust

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.