Wolverine Asset Management LLC Has $504,000 Stock Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Wolverine Asset Management LLC grew its position in shares of MFS Multimarket Income Trust (NYSE:MMT) by 91.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,720 shares of the closed-end fund’s stock after purchasing an additional 52,812 shares during the quarter. Wolverine Asset Management LLC owned about 0.19% of MFS Multimarket Income Trust worth $504,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MMT. Ieq Capital LLC bought a new position in MFS Multimarket Income Trust during the 3rd quarter worth approximately $48,000. Private Advisor Group LLC bought a new position in MFS Multimarket Income Trust during the 3rd quarter worth approximately $58,000. Park Avenue Securities LLC bought a new position in MFS Multimarket Income Trust during the 3rd quarter worth approximately $81,000. Landscape Capital Management L.L.C. raised its holdings in MFS Multimarket Income Trust by 110.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,131 shares of the closed-end fund’s stock worth $124,000 after purchasing an additional 15,311 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in MFS Multimarket Income Trust by 206.7% during the 3rd quarter. MGO One Seven LLC now owns 32,440 shares of the closed-end fund’s stock worth $138,000 after purchasing an additional 21,863 shares during the last quarter. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Stock Performance

MFS Multimarket Income Trust stock opened at $4.52 on Friday. MFS Multimarket Income Trust has a 52-week low of $4.04 and a 52-week high of $4.70. The firm has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $4.49.

MFS Multimarket Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be paid a $0.034 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.41 annualized dividend and a dividend yield of 9.03%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

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.