Mosaic Family Wealth Partners LLC Has $902,000 Stock Holdings in MFS Multimarket Income Trust (NYSE:MMT)

Mosaic Family Wealth Partners LLC trimmed its position in shares of MFS Multimarket Income Trust (NYSE:MMT) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,868 shares of the closed-end fund’s stock after selling 13,519 shares during the quarter. Mosaic Family Wealth Partners LLC owned approximately 0.34% of MFS Multimarket Income Trust worth $902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. WealthTrust Axiom LLC bought a new position in shares of MFS Multimarket Income Trust during the fourth quarter worth about $48,000. Bey Douglas LLC bought a new position in shares of MFS Multimarket Income Trust during the fourth quarter worth about $148,000. BOK Financial Private Wealth Inc. bought a new position in shares of MFS Multimarket Income Trust during the fourth quarter worth about $240,000. Wolverine Asset Management LLC raised its position in shares of MFS Multimarket Income Trust by 91.2% during the fourth quarter. Wolverine Asset Management LLC now owns 110,720 shares of the closed-end fund’s stock worth $504,000 after acquiring an additional 52,812 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of MFS Multimarket Income Trust by 11.1% during the first quarter. Commonwealth Equity Services LLC now owns 136,111 shares of the closed-end fund’s stock worth $630,000 after acquiring an additional 13,565 shares during the last quarter. 18.97% of the stock is owned by institutional investors and hedge funds.

MFS Multimarket Income Trust Price Performance

Shares of MMT remained flat at $4.77 during mid-day trading on Friday. The stock had a trading volume of 57,434 shares, compared to its average volume of 76,120. The stock has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.62. MFS Multimarket Income Trust has a 52 week low of $4.04 and a 52 week high of $4.82.

MFS Multimarket Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th will be issued a $0.034 dividend. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.41 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Tuesday, August 13th.

MFS Multimarket Income Trust Profile

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.