Ashton Thomas Securities LLC Acquires 17,000 Shares of MFS Multimarket Income Trust (NYSE:MMT)

Ashton Thomas Securities LLC increased its stake in shares of MFS Multimarket Income Trust (NYSE:MMT) by 97.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,500 shares of the closed-end fund’s stock after buying an additional 17,000 shares during the quarter. Ashton Thomas Securities LLC’s holdings in MFS Multimarket Income Trust were worth $162,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MMT. Raymond James Financial Inc. bought a new stake in shares of MFS Multimarket Income Trust during the 4th quarter worth $3,922,000. Janney Montgomery Scott LLC increased its position in shares of MFS Multimarket Income Trust by 33.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock worth $1,723,000 after buying an additional 92,815 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of MFS Multimarket Income Trust in the 3rd quarter worth about $103,000. Allspring Global Investments Holdings LLC increased its holdings in MFS Multimarket Income Trust by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,270,086 shares of the closed-end fund’s stock worth $15,337,000 after purchasing an additional 18,751 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in MFS Multimarket Income Trust during the 4th quarter worth approximately $72,000. 18.97% of the stock is owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Stock Up 0.4 %

MFS Multimarket Income Trust stock opened at $4.67 on Wednesday. MFS Multimarket Income Trust has a 1-year low of $4.43 and a 1-year high of $4.90. The firm’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.71.

MFS Multimarket Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0337 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 annualized dividend and a dividend yield of 8.66%.

About MFS Multimarket Income Trust

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.