Private Advisor Group LLC Acquires 489,892 Shares of MFS Government Markets Income Trust (NYSE:MGF)

Private Advisor Group LLC increased its holdings in MFS Government Markets Income Trust (NYSE:MGF) by 354.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,992 shares of the company’s stock after purchasing an additional 489,892 shares during the period. Private Advisor Group LLC owned 1.93% of MFS Government Markets Income Trust worth $1,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MML Investors Services LLC lifted its holdings in shares of MFS Government Markets Income Trust by 3.1% in the third quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after buying an additional 3,283 shares in the last quarter. Gilman Hill Asset Management LLC purchased a new position in shares of MFS Government Markets Income Trust during the fourth quarter valued at about $31,000. Consolidated Portfolio Review Corp increased its holdings in shares of MFS Government Markets Income Trust by 5.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company’s stock worth $1,064,000 after purchasing an additional 18,179 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of MFS Government Markets Income Trust by 106.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,241 shares of the company’s stock worth $145,000 after buying an additional 24,364 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in MFS Government Markets Income Trust by 4.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock valued at $445,000 after buying an additional 6,140 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors.

MFS Government Markets Income Trust Stock Up 0.6 %

NYSE:MGF opened at $3.11 on Wednesday. MFS Government Markets Income Trust has a 1 year low of $2.95 and a 1 year high of $3.39. The stock’s 50 day simple moving average is $3.08 and its two-hundred day simple moving average is $3.16.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0192 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.23 annualized dividend and a yield of 7.40%.

MFS Government Markets Income Trust Profile

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.