Mfs Govt Mkts (NYSE:MGF) Trading 0.8% Higher – Here’s Why

Mfs Govt Mkts (NYSE:MGF)’s share price traded up 0.8% during mid-day trading on Tuesday . The stock traded as high as $3.00 and last traded at $2.9950. 561,662 shares traded hands during trading, an increase of 421% from the average session volume of 107,829 shares. The stock had previously closed at $2.97.

Mfs Govt Mkts Stock Up 0.8%

The firm’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.08.

Mfs Govt Mkts Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.0193 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, December 16th.

Institutional Investors Weigh In On Mfs Govt Mkts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gilman Hill Asset Management LLC lifted its stake in shares of Mfs Govt Mkts by 50.0% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the company’s stock valued at $47,000 after purchasing an additional 5,000 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Mfs Govt Mkts during the 3rd quarter worth $32,000. BankPlus Wealth Management LLC acquired a new stake in shares of Mfs Govt Mkts during the 3rd quarter worth about $48,000. Susquehanna International Group LLP purchased a new stake in Mfs Govt Mkts in the 3rd quarter valued at about $49,000. Finally, Raymond James Financial Inc. raised its holdings in Mfs Govt Mkts by 7.8% in the 3rd quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock valued at $946,000 after buying an additional 21,821 shares during the period. Institutional investors and hedge funds own 54.77% of the company’s stock.

Mfs Govt Mkts Company Profile

MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund’s portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.