MFS Multimarket Income Trust (MMT) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. lessened its stake in shares of MFS Multimarket Income Trust (NYSE:MMT) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,884 shares of the closed-end fund’s stock after selling 4,785 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in MFS Multimarket Income Trust were worth $77,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake in 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 acquiring an additional 102,525 shares in the last quarter. Sit Investment Associates Inc. lifted its position in MFS Multimarket Income Trust by 8.4% during the fourth quarter. Sit Investment Associates Inc. now owns 934,049 shares of the closed-end fund’s stock valued at $4,782,000 after purchasing an additional 72,280 shares during the last quarter. 1607 Capital Partners LLC lifted its position in MFS Multimarket Income Trust by 13.5% during the fourth quarter. 1607 Capital Partners LLC now owns 1,257,272 shares of the closed-end fund’s stock valued at $6,437,000 after purchasing an additional 149,200 shares during the last quarter. LPL Financial LLC lifted its position in MFS Multimarket Income Trust by 12.7% during the third quarter. LPL Financial LLC now owns 123,130 shares of the closed-end fund’s stock valued at $681,000 after purchasing an additional 13,912 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in MFS Multimarket Income Trust by 66.3% during the third quarter. PNC Financial Services Group Inc. now owns 35,612 shares of the closed-end fund’s stock valued at $197,000 after purchasing an additional 14,192 shares during the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Shares of MMT remained flat at $$5.64 during mid-day trading on Friday. 192,296 shares of the stock were exchanged, compared to its average volume of 179,403. MFS Multimarket Income Trust has a 1 year low of $5.01 and a 1 year high of $5.78.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be issued a $0.0412 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 8.77%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, April 16th.

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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.

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

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