MFS Multimarket Income Trust (NYSE:MMT) Director Todd Reit Acquires 2,500 Shares

MFS Multimarket Income Trust (NYSE:MMT) Director Todd Reit bought 2,500 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were acquired at an average cost of $4.47 per share, for a total transaction of $11,175.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $11,175. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MFS Multimarket Income Trust Trading Down 0.3%

Shares of NYSE:MMT traded down $0.01 during trading on Tuesday, hitting $4.33. The company’s stock had a trading volume of 150,038 shares, compared to its average volume of 150,497. MFS Multimarket Income Trust has a fifty-two week low of $4.31 and a fifty-two week high of $4.87. The stock’s 50-day moving average price is $4.45 and its two-hundred day moving average price is $4.57.

MFS Multimarket Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be given a $0.04 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Thursday, July 23rd. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

Institutional Trading of MFS Multimarket Income Trust

Hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth increased its position in shares of MFS Multimarket Income Trust by 14.1% in the 1st quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock worth $133,000 after purchasing an additional 3,550 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 9,001 shares during the last quarter. Franklin Resources Inc. acquired a new position in MFS Multimarket Income Trust in the second quarter worth about $97,000. Invesco Ltd. grew its stake in MFS Multimarket Income Trust by 1.6% in the second quarter. Invesco Ltd. now owns 763,018 shares of the closed-end fund’s stock worth $3,586,000 after purchasing an additional 11,782 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in MFS Multimarket Income Trust by 6.6% in the second quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund’s stock valued at $4,294,000 after buying an additional 56,346 shares during the last quarter. Institutional investors and hedge funds own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.