Todd Reit Acquires 2,500 Shares of MFS Multimarket Income Trust (NYSE:MMT) Stock

MFS Multimarket Income Trust (NYSE:MMT) Director Todd Reit acquired 2,500 shares of MFS Multimarket Income Trust stock in a transaction on Tuesday, July 21st. The shares were bought at an average price of $4.47 per share, with a total value of $11,175.00. Following the completion of the transaction, the director directly owned 2,500 shares of the company’s stock, valued at $11,175. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MFS Multimarket Income Trust Trading Down 0.3%

Shares of NYSE MMT opened at $4.33 on Thursday. The company’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $4.56. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.87.

MFS Multimarket Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be issued a $0.04 dividend. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Thursday, July 23rd. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in MMT. Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 9,001 shares during the last quarter. Gerald Baker Financial Group LLC acquired a new stake in shares of MFS Multimarket Income Trust in the first quarter valued at about $57,000. First Heartland Consultants Inc. acquired a new position in MFS Multimarket Income Trust during the second quarter worth about $66,000. Melfa Wealth Management Inc. purchased a new stake in MFS Multimarket Income Trust during the 4th quarter valued at about $72,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in MFS Multimarket Income Trust in the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

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.