Consolidated Portfolio Review Corp Decreases Stock Holdings in MFS Government Markets Income Trust (NYSE:MGF)

Consolidated Portfolio Review Corp decreased its holdings in shares of MFS Government Markets Income Trust (NYSE:MGF) by 8.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 299,777 shares of the company’s stock after selling 28,142 shares during the period. Consolidated Portfolio Review Corp’s holdings in MFS Government Markets Income Trust were worth $920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MGF. Allspring Global Investments Holdings LLC raised its stake in MFS Government Markets Income Trust by 1.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,847,628 shares of the company’s stock valued at $5,672,000 after purchasing an additional 24,717 shares during the last quarter. WMG Financial Advisors LLC acquired a new position in MFS Government Markets Income Trust in the 2nd quarter valued at $31,000. Kraft Davis & Associates LLC acquired a new position in MFS Government Markets Income Trust in the 1st quarter valued at $566,000. Karpus Management Inc. raised its stake in MFS Government Markets Income Trust by 47.5% in the 1st quarter. Karpus Management Inc. now owns 2,655,475 shares of the company’s stock valued at $8,498,000 after purchasing an additional 854,941 shares during the last quarter. Finally, L.M. Kohn & Company raised its stake in MFS Government Markets Income Trust by 62.2% in the 1st quarter. L.M. Kohn & Company now owns 23,467 shares of the company’s stock valued at $75,000 after purchasing an additional 9,000 shares during the last quarter. Hedge funds and other institutional investors own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Up 0.9 %

Shares of MGF traded up $0.03 during midday trading on Friday, reaching $3.23. The company had a trading volume of 117,068 shares, compared to its average volume of 60,519. MFS Government Markets Income Trust has a 1-year low of $2.91 and a 1-year high of $3.26. The firm has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.11.

MFS Government Markets Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th were paid a $0.0198 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend was Tuesday, August 13th.

About MFS Government Markets Income Trust

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.