MFS Multimarket Income Trust (NYSE:MMT) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

MFS Multimarket Income Trust (NYSE:MMT) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.74 and traded as low as $4.61. MFS Multimarket Income Trust shares last traded at $4.63, with a volume of 50,247 shares.

MFS Multimarket Income Trust Stock Up 0.1 %

The business has a fifty day moving average price of $4.66 and a 200-day moving average price of $4.74.

MFS Multimarket Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.0338 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date is Tuesday, January 14th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of MFS Multimarket Income Trust by 33.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock worth $1,723,000 after purchasing an additional 92,815 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of MFS Multimarket Income Trust by 6.8% in the 4th quarter. Atomi Financial Group Inc. now owns 59,447 shares of the closed-end fund’s stock worth $279,000 after purchasing an additional 3,759 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter valued at about $103,000. Wolverine Asset Management LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter valued at about $320,000. Finally, Ashton Thomas Securities LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter valued at about $85,000. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

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.