MFS Multimarket Income Trust (NYSE:MMT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.73 and traded as low as $4.71. MFS Multimarket Income Trust shares last traded at $4.74, with a volume of 40,130 shares traded.
MFS Multimarket Income Trust Stock Performance
The stock has a 50-day moving average price of $4.66 and a 200 day moving average price of $4.73.
MFS Multimarket Income Trust Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0334 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.49%.
Institutional Investors Weigh In On MFS Multimarket Income Trust
Several hedge funds have recently modified their holdings of MMT. Broadway Wealth Solutions Inc. acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at $70,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in MFS Multimarket Income Trust during the 4th quarter worth about $72,000. Ashton Thomas Securities LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter worth about $85,000. Kovitz Investment Group Partners LLC purchased a new stake in MFS Multimarket Income Trust during the 3rd quarter worth about $103,000. Finally, Two Sigma Securities LLC purchased a new stake in MFS Multimarket Income Trust in the 4th quarter valued at about $103,000. 18.97% of the stock is owned by institutional investors and hedge funds.
MFS Multimarket Income Trust Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider MFS Multimarket Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Multimarket Income Trust wasn't on the list.
While MFS Multimarket Income Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
