Wolverine Asset Management LLC Acquires Shares of 65,727 MFS Multimarket Income Trust (NYSE:MMT)

Wolverine Asset Management LLC bought a new stake in MFS Multimarket Income Trust (NYSE:MMT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 65,727 shares of the closed-end fund’s stock, valued at approximately $320,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in MFS Multimarket Income Trust by 36.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock valued at $15,216,000 after acquiring an additional 875,755 shares in the last quarter. Shaker Financial Services LLC raised its stake in shares of MFS Multimarket Income Trust by 13.1% in the 3rd quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund’s stock valued at $1,393,000 after purchasing an additional 33,239 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of MFS Multimarket Income Trust by 23.8% during the second quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock worth $788,000 after purchasing an additional 32,358 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of MFS Multimarket Income Trust during the third quarter worth about $85,000. Finally, Atomi Financial Group Inc. grew its stake 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 purchasing an additional 9,110 shares in the last quarter. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Stock Performance

Shares of NYSE MMT opened at $4.66 on Thursday. The stock’s 50 day moving average price is $4.81 and its two-hundred day moving average price is $4.73. MFS Multimarket Income Trust has a 52-week low of $4.27 and a 52-week high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.0342 per share. This represents a $0.41 annualized dividend and a yield of 8.80%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.