Wealth Enhancement Advisory Services LLC Buys Shares of 10,348 MFS Multimarket Income Trust (NYSE:MMT)

Wealth Enhancement Advisory Services LLC bought a new stake in MFS Multimarket Income Trust (NYSE:MMT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,348 shares of the closed-end fund’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $68,000. Broadway Wealth Solutions Inc. purchased a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $70,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $72,000. Two Sigma Securities LLC purchased a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $103,000. Finally, Focus Partners Wealth purchased a new stake in MFS Multimarket Income Trust in the fourth quarter valued at approximately $118,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Price Performance

Shares of NYSE MMT opened at $4.60 on Thursday. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.90. The business’s 50 day moving average is $4.58 and its two-hundred day moving average is $4.63.

MFS Multimarket Income Trust Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.033 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 8.7%.

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.