Sit Investment Associates Inc. Grows Stock Holdings in MFS Multimarket Income Trust $MMT

Sit Investment Associates Inc. raised its holdings in shares of MFS Multimarket Income Trust (NYSE:MMT) by 127.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 642,159 shares of the closed-end fund’s stock after purchasing an additional 359,502 shares during the quarter. Sit Investment Associates Inc. owned 1.17% of MFS Multimarket Income Trust worth $2,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Focus Partners Wealth increased its holdings 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 buying an additional 3,550 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of MFS Multimarket Income Trust by 780.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 9,001 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of MFS Multimarket Income Trust in the 2nd quarter valued at about $97,000. Invesco Ltd. grew its position 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 acquiring an additional 11,782 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position 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 worth $4,294,000 after acquiring an additional 56,346 shares in the last quarter. 18.97% of the stock is owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Price Performance

Shares of NYSE MMT opened at $4.47 on Friday. MFS Multimarket Income Trust has a 1-year low of $4.37 and a 1-year high of $4.87. The business’s 50 day moving average is $4.53 and its two-hundred day moving average is $4.61.

MFS Multimarket Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.0328 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 8.8%.

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.