MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.72 and traded as low as $4.62. MFS Multimarket Income Trust shares last traded at $4.63, with a volume of 119,879 shares.
MFS Multimarket Income Trust Stock Performance
The business's fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.72.
MFS Multimarket Income Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0337 per share. This is a positive change from MFS Multimarket Income Trust's previous monthly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 8.74%. The ex-dividend date is Tuesday, March 18th.
Institutional Trading of MFS Multimarket Income Trust
Several large investors have recently made changes to their positions in MMT. Wealth Enhancement Advisory Services LLC bought a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at approximately $49,000. Northstar Financial Companies Inc. bought a new position in shares of MFS Multimarket Income Trust in the fourth quarter valued at approximately $265,000. Focus Partners Wealth bought a new position in shares of MFS Multimarket Income Trust in the fourth quarter valued at approximately $118,000. Cetera Investment Advisers lifted its stake in shares of MFS Multimarket Income Trust by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund's stock worth $828,000 after buying an additional 13,507 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of MFS Multimarket Income Trust during the 4th quarter worth $68,000. Institutional investors own 18.97% of the company's stock.
About MFS Multimarket Income Trust
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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.
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