Wolverine Asset Management LLC Grows Position in MFS Multimarket Income Trust (NYSE:MMT)

Wolverine Asset Management LLC grew its stake in shares of MFS Multimarket Income Trust (NYSE:MMT) by 91.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 110,720 shares of the closed-end fund’s stock after buying an additional 52,812 shares during the quarter. Wolverine Asset Management LLC’s holdings in MFS Multimarket Income Trust were worth $504,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BOK Financial Private Wealth Inc. purchased a new stake in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $240,000. Allspring Global Investments Holdings LLC boosted its stake in shares of MFS Multimarket Income Trust by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,021,142 shares of the closed-end fund’s stock valued at $9,196,000 after purchasing an additional 22,600 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of MFS Multimarket Income Trust by 8.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 647,674 shares of the closed-end fund’s stock valued at $2,947,000 after purchasing an additional 51,158 shares during the period. 1607 Capital Partners LLC boosted its stake in shares of MFS Multimarket Income Trust by 110.7% during the third quarter. 1607 Capital Partners LLC now owns 84,890 shares of the closed-end fund’s stock valued at $362,000 after purchasing an additional 44,607 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of MFS Multimarket Income Trust by 110.8% during the third quarter. Landscape Capital Management L.L.C. now owns 29,131 shares of the closed-end fund’s stock valued at $124,000 after purchasing an additional 15,311 shares during the period. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

NYSE:MMT opened at $4.52 on Friday. MFS Multimarket Income Trust has a fifty-two week low of $4.04 and a fifty-two week high of $4.70. The business has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.49.

MFS Multimarket Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be paid a $0.034 dividend. 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 Tuesday, April 16th. This represents a $0.41 dividend on an annualized basis and a yield of 9.03%.

MFS Multimarket Income Trust 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.