PNC Financial Services Group Inc. Raises Holdings in MFS Multimarket Income Trust (MMT)

PNC Financial Services Group Inc. grew its holdings in shares of MFS Multimarket Income Trust (NYSE:MMT) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,955 shares of the closed-end fund’s stock after purchasing an additional 12,343 shares during the period. PNC Financial Services Group Inc.’s holdings in MFS Multimarket Income Trust were worth $246,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in MFS Multimarket Income Trust by 6.8% during the 2nd quarter. Bank of America Corp DE now owns 171,056 shares of the closed-end fund’s stock worth $967,000 after purchasing an additional 10,872 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of MFS Multimarket Income Trust during the third quarter valued at about $117,000. Bank of Montreal Can acquired a new stake in shares of MFS Multimarket Income Trust during the third quarter valued at about $203,000. Wells Fargo & Company MN boosted its stake in shares of MFS Multimarket Income Trust by 14.5% during the third quarter. Wells Fargo & Company MN now owns 810,823 shares of the closed-end fund’s stock valued at $4,483,000 after purchasing an additional 102,525 shares in the last quarter. Finally, First Foundation Advisors boosted its stake in shares of MFS Multimarket Income Trust by 2.6% during the third quarter. First Foundation Advisors now owns 579,004 shares of the closed-end fund’s stock valued at $3,202,000 after purchasing an additional 14,933 shares in the last quarter. 14.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of MMT stock traded up $0.01 during mid-day trading on Wednesday, reaching $5.63. 5,042 shares of the stock traded hands, compared to its average volume of 169,503. MFS Multimarket Income Trust has a 1-year low of $5.01 and a 1-year high of $5.85.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 13th will be paid a dividend of $0.0402 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.57%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, February 12th.

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MFS Multimarket Income Trust Company 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: Straddles

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

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