56,487 Shares in MFS Multimarket Income Trust (NYSE:MMT) Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. purchased a new position in MFS Multimarket Income Trust (NYSE:MMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,487 shares of the closed-end fund’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MMT. Focus Partners Wealth bought a new stake in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $118,000. Cetera Investment Advisers grew its position in MFS Multimarket Income Trust by 8.3% in the 4th quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund’s stock valued at $828,000 after purchasing an additional 13,507 shares during the period. Citadel Advisors LLC acquired a new stake in MFS Multimarket Income Trust in the 4th quarter valued at $68,000. Two Sigma Securities LLC bought a new stake in MFS Multimarket Income Trust during the 4th quarter valued at $103,000. Finally, MGO One Seven LLC increased its stake in MFS Multimarket Income Trust by 74.8% during the 4th quarter. MGO One Seven LLC now owns 51,305 shares of the closed-end fund’s stock valued at $241,000 after purchasing an additional 21,953 shares in the last quarter. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Performance

MMT opened at $4.60 on Wednesday. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The company’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $4.63.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.0327 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 8.54%.

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.