Transform Wealth LLC Invests $163,000 in MFS Government Markets Income Trust (NYSE:MGF)

Transform Wealth LLC acquired a new position in MFS Government Markets Income Trust (NYSE:MGF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 53,036 shares of the company’s stock, valued at approximately $163,000. Transform Wealth LLC owned about 0.16% of MFS Government Markets Income Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. PVG Asset Management Corp bought a new stake in shares of MFS Government Markets Income Trust in the 2nd quarter valued at about $1,440,000. Consolidated Portfolio Review Corp boosted its holdings in MFS Government Markets Income Trust by 9.5% in the third quarter. Consolidated Portfolio Review Corp now owns 328,369 shares of the company’s stock valued at $1,087,000 after acquiring an additional 28,592 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in MFS Government Markets Income Trust by 4.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock valued at $445,000 after acquiring an additional 6,140 shares during the last quarter. Private Advisor Group LLC acquired a new stake in MFS Government Markets Income Trust during the 3rd quarter valued at approximately $457,000. Finally, MML Investors Services LLC raised its holdings in MFS Government Markets Income Trust by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 109,152 shares of the company’s stock worth $361,000 after purchasing an additional 3,283 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors and hedge funds.

MFS Government Markets Income Trust Stock Up 0.3 %

NYSE:MGF opened at $3.06 on Wednesday. MFS Government Markets Income Trust has a 52 week low of $2.95 and a 52 week high of $3.39. The firm’s fifty day moving average is $3.10 and its 200-day moving average is $3.16.

MFS Government Markets Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.0195 per share. The ex-dividend date is Tuesday, January 14th. This represents a $0.23 dividend on an annualized basis and a yield of 7.63%.

MFS Government Markets Income Trust Profile

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.