Invesco Ltd. Has $5.22 Million Stock Position in MFS Multimarket Income Trust (NYSE:MMT)

Invesco Ltd. boosted its stake in MFS Multimarket Income Trust (NYSE:MMT) by 10.0% during the second quarter, Holdings Channel reports. The institutional investor owned 895,798 shares of the closed-end fund’s stock after buying an additional 81,267 shares during the period. Invesco Ltd.’s holdings in MFS Multimarket Income Trust were worth $5,222,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cohen & Steers Inc. grew its position in shares of MFS Multimarket Income Trust by 2.3% during the 2nd quarter. Cohen & Steers Inc. now owns 479,675 shares of the closed-end fund’s stock worth $2,797,000 after purchasing an additional 10,999 shares in the last quarter. Sit Investment Associates Inc. grew its position in shares of MFS Multimarket Income Trust by 5.0% during the 1st quarter. Sit Investment Associates Inc. now owns 980,463 shares of the closed-end fund’s stock worth $5,569,000 after purchasing an additional 46,414 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of MFS Multimarket Income Trust by 31.5% during the 2nd quarter. Raymond James Trust N.A. now owns 15,464 shares of the closed-end fund’s stock worth $90,000 after purchasing an additional 3,700 shares in the last quarter. Oxbow Advisors LLC acquired a new position in shares of MFS Multimarket Income Trust during the 2nd quarter worth approximately $76,000. Finally, Lido Advisors LLC grew its position in shares of MFS Multimarket Income Trust by 3.5% during the 2nd quarter. Lido Advisors LLC now owns 56,887 shares of the closed-end fund’s stock worth $331,000 after purchasing an additional 1,913 shares in the last quarter. Institutional investors and hedge funds own 14.12% of the company’s stock.

Shares of NYSE:MMT opened at $5.92 on Friday. The company’s 50 day moving average price is $5.89 and its two-hundred day moving average price is $5.78. MFS Multimarket Income Trust has a 12-month low of $5.01 and a 12-month high of $6.01.

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.043 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.72%.

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.

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Institutional Ownership by Quarter for MFS Multimarket Income Trust (NYSE:MMT)

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