MFS Multimarket Income Trust (NYSE:MMT) Shares Cross Below 200 Day Moving Average – What’s Next?

MFS Multimarket Income Trust (NYSE:MMT)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.74 and traded as low as $4.59. MFS Multimarket Income Trust shares last traded at $4.69, with a volume of 238,136 shares changing hands.

MFS Multimarket Income Trust Trading Down 0.6 %

The business has a fifty day simple moving average of $4.70 and a two-hundred day simple moving average of $4.74.

MFS Multimarket Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.0339 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.41 annualized dividend and a yield of 8.72%.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter worth about $85,000. Kovitz Investment Group Partners LLC purchased a new stake in MFS Multimarket Income Trust in the third quarter worth about $103,000. Wolverine Asset Management LLC bought a new position in shares of MFS Multimarket Income Trust during the third quarter valued at approximately $320,000. Commonwealth Equity Services LLC lifted its holdings in shares of MFS Multimarket Income Trust by 23.8% during the second quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock valued at $788,000 after purchasing an additional 32,358 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its position in shares of MFS Multimarket Income Trust by 9.7% in the 2nd quarter. Shaker Financial Services LLC now owns 252,857 shares of the closed-end fund’s stock worth $1,183,000 after purchasing an additional 22,331 shares in the last quarter. Hedge funds and other institutional investors 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.