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

MFS Multimarket Income Trust (NYSE:MMT) Director Todd Reit purchased 2,500 shares of the stock in a transaction on Tuesday, July 21st. The shares were purchased at an average cost of $4.47 per share, with a total value of $11,175.00. Following the transaction, the director owned 2,500 shares of the company’s stock, valued at $11,175. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

MFS Multimarket Income Trust Stock Down 0.1%

Shares of MMT stock opened at $4.34 on Wednesday. MFS Multimarket Income Trust has a fifty-two week low of $4.31 and a fifty-two week high of $4.87. The firm’s 50 day moving average price is $4.45 and its two-hundred day moving average price is $4.56.

MFS Multimarket Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be paid a dividend of $0.04 per share. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a yield of 11.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MMT. Allspring Global Investments Holdings LLC increased its holdings in MFS Multimarket Income Trust by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after purchasing an additional 106,882 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of MFS Multimarket Income Trust by 6.6% during the 2nd 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. Invesco Ltd. boosted its stake in shares of MFS Multimarket Income Trust by 1.1% during the 3rd quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock valued at $3,687,000 after buying an additional 8,367 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of MFS Multimarket Income Trust by 127.2% during the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock worth $2,986,000 after buying an additional 359,502 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of MFS Multimarket Income Trust by 19.6% during the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock worth $2,884,000 after buying an additional 98,797 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

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.