MFS Multimarket Income Trust (NYSE:MMT) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

MFS Multimarket Income Trust (NYSE:MMT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.74 and traded as low as $4.60. MFS Multimarket Income Trust shares last traded at $4.62, with a volume of 93,483 shares trading hands.

MFS Multimarket Income Trust Stock Down 0.4 %

The business’s fifty day moving average is $4.68 and its two-hundred day moving average is $4.74.

MFS Multimarket 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 paid a $0.0338 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.41 annualized dividend and a dividend yield of 8.79%.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of MFS Multimarket Income Trust by 23.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock worth $788,000 after purchasing an additional 32,358 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in MFS Multimarket Income Trust in the third quarter valued at $320,000. Shaker Financial Services LLC raised its stake in MFS Multimarket Income Trust by 13.1% in the third quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund’s stock valued at $1,393,000 after buying an additional 33,239 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter worth about $85,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of MFS Multimarket Income Trust during the 3rd quarter worth about $103,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.