MFS Government Markets Income Trust (NYSE:MGF) Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its stake in MFS Government Markets Income Trust (NYSE:MGF) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,277,496 shares of the company’s stock after acquiring an additional 291,016 shares during the period. Sit Investment Associates Inc. owned 25.40% of MFS Government Markets Income Trust worth $25,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gilman Hill Asset Management LLC acquired a new stake in MFS Government Markets Income Trust in the fourth quarter worth approximately $31,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of MFS Government Markets Income Trust by 106.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock valued at $145,000 after buying an additional 24,364 shares during the period. Transform Wealth LLC bought a new position in MFS Government Markets Income Trust during the fourth quarter valued at about $163,000. MML Investors Services LLC grew its holdings 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 acquiring an additional 3,283 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in MFS Government Markets Income Trust by 4.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock worth $445,000 after acquiring an additional 6,140 shares in the last quarter. 54.77% of the stock is currently owned by institutional investors.

MFS Government Markets Income Trust Stock Performance

NYSE:MGF opened at $3.13 on Friday. The company has a 50-day moving average of $3.11 and a 200-day moving average of $3.14. MFS Government Markets Income Trust has a twelve month low of $2.95 and a twelve month high of $3.39.

MFS Government Markets Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0195 dividend. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.23 annualized dividend and a yield of 7.47%.

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.