L.M. Kohn & Company Acquires Shares of 23,467 MFS Government Markets Income Trust (NYSE:MGF)

L.M. Kohn & Company acquired a new stake in MFS Government Markets Income Trust (NYSE:MGF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,467 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in MFS Government Markets Income Trust in the 3rd quarter valued at about $457,000. PVG Asset Management Corp acquired a new stake in MFS Government Markets Income Trust in the 2nd quarter valued at about $1,440,000. Shaker Financial Services LLC acquired a new stake in shares of MFS Government Markets Income Trust during the 2nd quarter worth approximately $688,000. Allspring Global Investments Holdings LLC grew its position in shares of MFS Government Markets Income Trust by 1.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,847,628 shares of the company’s stock worth $5,672,000 after buying an additional 24,717 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of MFS Government Markets Income Trust during the 2nd quarter worth approximately $302,000. Institutional investors and hedge funds own 54.77% of the company’s stock.

MFS Government Markets Income Trust Trading Up 1.6 %

Shares of NYSE:MGF opened at $3.14 on Monday. MFS Government Markets Income Trust has a one year low of $3.02 and a one year high of $3.39. The company has a 50 day moving average of $3.19 and a 200-day moving average of $3.16.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.0199 per share. This represents a $0.24 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, November 12th.

MFS Government Markets Income Trust Profile

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.