Insider Buying: MFS Multimarket Income Trust (NYSE:MMT) Director Buys $11,175.00 in Stock

MFS Multimarket Income Trust (NYSE:MMT) Director Todd Reit purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was bought at an average price of $4.47 per share, for a total transaction of $11,175.00. Following the transaction, the director directly owned 2,500 shares in the company, valued at $11,175. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MFS Multimarket Income Trust Stock Up 0.3%

MFS Multimarket Income Trust stock opened at $4.34 on Friday. The stock has a 50 day moving average of $4.45 and a two-hundred day moving average of $4.56. MFS Multimarket Income Trust has a twelve month low of $4.31 and a twelve month high of $4.87.

MFS Multimarket Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be paid a dividend of $0.04 per share. This represents a c) annualized dividend and a dividend yield of 11.0%. This is a boost from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, July 23rd.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of MFS Multimarket Income Trust by 780.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 9,001 shares in the last quarter. Gerald Baker Financial Group LLC acquired a new stake in MFS Multimarket Income Trust in the first quarter valued at about $57,000. First Heartland Consultants Inc. acquired a new stake in MFS Multimarket Income Trust in the second quarter valued at about $66,000. Melfa Wealth Management Inc. purchased a new stake in MFS Multimarket Income Trust in the 4th quarter valued at approximately $72,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in MFS Multimarket Income Trust in the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

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.