Gilman Hill Asset Management LLC Acquires Shares of 10,000 MFS Government Markets Income Trust (NYSE:MGF)

Gilman Hill Asset Management LLC acquired a new position in shares of MFS Government Markets Income Trust (NYSE:MGF) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently made changes to their positions in the business. Ameritas Advisory Services LLC raised its stake in MFS Government Markets Income Trust by 4.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock valued at $445,000 after buying an additional 6,140 shares in the last quarter. MML Investors Services LLC lifted its stake in MFS Government Markets Income Trust by 3.1% during the third quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after purchasing an additional 3,283 shares during the last quarter. L.M. Kohn & Company acquired a new position in MFS Government Markets Income Trust in the third quarter worth $78,000. Consolidated Portfolio Review Corp increased its stake in MFS Government Markets Income Trust by 9.5% during the third quarter. Consolidated Portfolio Review Corp now owns 328,369 shares of the company’s stock valued at $1,087,000 after purchasing an additional 28,592 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of MFS Government Markets Income Trust during the third quarter worth $457,000. 54.77% of the stock is owned by institutional investors and hedge funds.

MFS Government Markets Income Trust Stock Up 0.3 %

NYSE MGF opened at $3.05 on Tuesday. MFS Government Markets Income Trust has a one year low of $2.95 and a one year high of $3.39. The company has a 50-day simple moving average of $3.10 and a 200-day simple moving average of $3.16.

MFS Government Markets Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a dividend of $0.0195 per share. This represents a $0.23 annualized dividend and a dividend yield of 7.66%. The ex-dividend date of this dividend is Tuesday, January 14th.

About MFS Government Markets Income Trust

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.