Bey Douglas LLC Boosts Holdings in MFS Multimarket Income Trust $MMT

Bey Douglas LLC grew its position in shares of MFS Multimarket Income Trust (NYSE:MMT) by 54.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,491 shares of the closed-end fund’s stock after purchasing an additional 14,706 shares during the period. Bey Douglas LLC owned approximately 0.08% of MFS Multimarket Income Trust worth $195,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. 1607 Capital Partners LLC grew its position in shares of MFS Multimarket Income Trust by 66.4% during the first quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund’s stock worth $2,834,000 after buying an additional 243,267 shares in the last quarter. Invesco Ltd. grew its position in shares of MFS Multimarket Income Trust by 8.6% during the first quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund’s stock worth $3,493,000 after buying an additional 59,190 shares in the last quarter. Readystate Asset Management LP grew its position in shares of MFS Multimarket Income Trust by 165.7% during the first quarter. Readystate Asset Management LP now owns 77,598 shares of the closed-end fund’s stock worth $361,000 after buying an additional 48,392 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of MFS Multimarket Income Trust during the first quarter worth approximately $195,000. Finally, Shaker Financial Services LLC grew its position in shares of MFS Multimarket Income Trust by 14.7% during the first quarter. Shaker Financial Services LLC now owns 309,055 shares of the closed-end fund’s stock worth $1,437,000 after buying an additional 39,554 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

MMT stock opened at $4.78 on Friday. MFS Multimarket Income Trust has a twelve month low of $4.31 and a twelve month high of $4.87. The firm has a 50 day simple moving average of $4.75 and a 200-day simple moving average of $4.65.

MFS Multimarket Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be given a dividend of $0.034 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

MFS Multimarket Income Trust Company 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.