MFS Government Markets Income Trust (NYSE:MGF) Holdings Boosted by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in MFS Government Markets Income Trust (NYSE:MGF) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,277,496 shares of the company’s stock after purchasing an additional 291,016 shares during the period. Sit Investment Associates Inc. owned about 0.25% of MFS Government Markets Income Trust worth $25,412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC increased its holdings in shares of MFS Government Markets Income Trust by 354.7% in the 4th quarter. Private Advisor Group LLC now owns 627,992 shares of the company’s stock valued at $1,928,000 after purchasing an additional 489,892 shares during the period. Consolidated Portfolio Review Corp grew its position in MFS Government Markets Income Trust by 5.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 346,548 shares of the company’s stock valued at $1,064,000 after purchasing an additional 18,179 shares in the last quarter. Raymond James Financial Inc. acquired a new position in MFS Government Markets Income Trust in the 4th quarter valued at approximately $825,000. Ameritas Advisory Services LLC lifted its position in MFS Government Markets Income Trust by 4.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 144,890 shares of the company’s stock worth $445,000 after buying an additional 6,140 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of 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 valued at $361,000 after buying an additional 3,283 shares during the period. Institutional investors and hedge funds own 54.77% of the company’s stock.

MFS Government Markets Income Trust Stock Performance

MFS Government Markets Income Trust stock opened at $3.13 on Friday. MFS Government Markets Income Trust has a 12 month low of $2.95 and a 12 month high of $3.39. The company’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $3.14.

MFS Government Markets Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0195 dividend. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02. This represents a $0.23 annualized dividend and a yield of 7.47%. The ex-dividend date is Tuesday, April 15th.

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.