Mfs Govt Mkts (NYSE:MGF) Stock Price Down 2.3% – What’s Next?

Shares of Mfs Govt Mkts (NYSE:MGF) dropped 2.3% on Tuesday . The company traded as low as $2.93 and last traded at $2.95. Approximately 309,890 shares changed hands during trading, an increase of 459% from the average daily volume of 55,394 shares. The stock had previously closed at $3.02.

Mfs Govt Mkts Price Performance

The firm’s fifty day moving average price is $3.02 and its 200-day moving average price is $3.06.

Mfs Govt Mkts Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a $0.0191 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Tuesday, February 17th.

Institutional Trading of Mfs Govt Mkts

Several institutional investors and hedge funds have recently made changes to their positions in the company. TMB Capital Partners LLC acquired a new stake in shares of Mfs Govt Mkts in the 4th quarter valued at about $30,000. Mercer Global Advisors Inc. ADV purchased a new stake in Mfs Govt Mkts in the third quarter valued at approximately $32,000. Commonwealth Equity Services LLC acquired a new stake in shares of Mfs Govt Mkts in the fourth quarter valued at approximately $32,000. Cetera Investment Advisers boosted its holdings in shares of Mfs Govt Mkts by 44.8% in the fourth quarter. Cetera Investment Advisers now owns 14,950 shares of the company’s stock valued at $45,000 after acquiring an additional 4,624 shares during the period. Finally, BankPlus Wealth Management LLC purchased a new position in shares of Mfs Govt Mkts during the third quarter worth approximately $48,000. 54.77% of the stock is owned by hedge funds and other institutional investors.

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.