Alpine Group USVI LLC Invests $65,000 in MFS Multimarket Income Trust (NYSE:MMT)

Alpine Group USVI LLC acquired a new position in shares of MFS Multimarket Income Trust (NYSE:MMT) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 11,018 shares of the closed-end fund’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Founders Capital Management boosted its position in shares of MFS Multimarket Income Trust by 376.8% during the third quarter. Founders Capital Management now owns 8,820 shares of the closed-end fund’s stock worth $52,000 after buying an additional 6,970 shares during the period. Cornell Pochily Investment Advisors Inc. acquired a new position in shares of MFS Multimarket Income Trust during the second quarter worth approximately $58,000. Creative Planning acquired a new position in shares of MFS Multimarket Income Trust during the second quarter worth approximately $62,000. Susquehanna International Group LLP acquired a new position in shares of MFS Multimarket Income Trust during the second quarter worth approximately $70,000. Finally, Oxbow Advisors LLC acquired a new position in shares of MFS Multimarket Income Trust during the second quarter worth approximately $76,000. Institutional investors and hedge funds own 14.12% of the company’s stock.

Shares of NYSE MMT traded down $0.01 during midday trading on Friday, hitting $5.93. 1,900 shares of the company’s stock were exchanged, compared to its average volume of 173,794. The stock’s 50 day moving average price is $5.89 and its 200-day moving average price is $5.78. MFS Multimarket Income Trust has a twelve month low of $5.01 and a twelve month high of $6.01.



The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a dividend of $0.043 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.52 annualized dividend and a dividend yield of 8.70%.

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.

Further Reading: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for MFS Multimarket Income Trust (NYSE:MMT)

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