Sit Investment Associates Inc. Purchases 359,502 Shares of MFS Multimarket Income Trust $MMT

Sit Investment Associates Inc. grew its position in MFS Multimarket Income Trust (NYSE:MMT) by 127.2% during the 4th quarter, HoldingsChannel reports. The fund owned 642,159 shares of the closed-end fund’s stock after purchasing an additional 359,502 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Multimarket Income Trust were worth $2,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MMT. Advisors Asset Management Inc. bought a new position in MFS Multimarket Income Trust during the 4th quarter valued at about $1,833,000. Pathstone Holdings LLC lifted its stake in MFS Multimarket Income Trust by 19.6% in the third quarter. Pathstone Holdings LLC now owns 603,311 shares of the closed-end fund’s stock worth $2,884,000 after purchasing an additional 98,797 shares during the last quarter. Regal Investment Advisors LLC bought a new stake in MFS Multimarket Income Trust in the fourth quarter worth about $313,000. Raymond James Financial Inc. boosted its position in shares of MFS Multimarket Income Trust by 6.6% during the second quarter. Raymond James Financial Inc. now owns 913,667 shares of the closed-end fund’s stock valued at $4,294,000 after buying an additional 56,346 shares during the period. Finally, M3 Wealth Management LLC purchased a new position in shares of MFS Multimarket Income Trust during the fourth quarter valued at approximately $253,000. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Up 0.0%

MMT opened at $4.47 on Friday. The stock’s 50 day moving average price is $4.53 and its 200-day moving average price is $4.61. MFS Multimarket Income Trust has a one year low of $4.37 and a one year high of $4.87.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.0328 per share. The ex-dividend date was Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

MFS Multimarket Income Trust Company Profile

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.