MFS Multimarket Income Trust (NYSE:MMT) Director Buys $535,055,103.00 in Stock


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MFS Multimarket Income Trust (NYSE:MMT) Director Steven E. Buller acquired 9,075 shares of the business’s stock in a transaction on Wednesday, March 31st. The shares were purchased at an average price of $58,959.24 per share, with a total value of $535,055,103.00. Following the completion of the purchase, the director now owns 11,175 shares in the company, valued at approximately $658,869,507. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:MMT opened at $6.46 on Thursday. MFS Multimarket Income Trust has a 12 month low of $4.90 and a 12 month high of $6.58. The stock has a 50 day moving average of $6.29 and a two-hundred day moving average of $6.07.

The company also recently disclosed a dividend, which will be paid on Friday, April 30th. Shareholders of record on Wednesday, April 14th will be paid a dividend of $0.0414 per share. The ex-dividend date of this dividend is Tuesday, April 13th. This represents a yield of 7.66%.

A number of large investors have recently bought and sold shares of the business. Creative Planning grew its position in shares of MFS Multimarket Income Trust by 22.9% in the fourth quarter. Creative Planning now owns 35,602 shares of the closed-end fund’s stock valued at $218,000 after purchasing an additional 6,627 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of MFS Multimarket Income Trust in the third quarter valued at approximately $139,000. Cetera Advisor Networks LLC grew its position in shares of MFS Multimarket Income Trust by 36.9% in the third quarter. Cetera Advisor Networks LLC now owns 136,871 shares of the closed-end fund’s stock valued at $769,000 after purchasing an additional 36,911 shares in the last quarter. Mosaic Family Wealth LLC grew its position in shares of MFS Multimarket Income Trust by 11.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 159,014 shares of the closed-end fund’s stock valued at $972,000 after purchasing an additional 16,686 shares in the last quarter. Finally, Claraphi Advisory Network LLC grew its position in shares of MFS Multimarket Income Trust by 46.7% in the fourth quarter. Claraphi Advisory Network LLC now owns 16,525 shares of the closed-end fund’s stock valued at $101,000 after purchasing an additional 5,262 shares in the last quarter. Institutional investors own 13.17% of the company’s stock.

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.

Further Reading: Arbitrage

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