MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.74 and traded as high as $4.75. MFS Multimarket Income Trust shares last traded at $4.74, with a volume of 70,393 shares trading hands.
MFS Multimarket Income Trust Price Performance
The firm has a 50 day moving average of $4.75 and a 200-day moving average of $4.74.
MFS Multimarket Income Trust Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.0339 dividend. This represents a $0.41 annualized dividend and a yield of 8.57%. The ex-dividend date of this dividend is Tuesday, December 17th.
Institutional Trading of MFS Multimarket Income Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in MFS Multimarket Income Trust during the third quarter valued at approximately $85,000. Kovitz Investment Group Partners LLC bought a new stake in shares of MFS Multimarket Income Trust during the 3rd quarter worth $103,000. Atomi Financial Group Inc. boosted its stake in MFS Multimarket Income Trust by 19.5% in the second quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund's stock valued at $261,000 after buying an additional 9,110 shares in the last quarter. Wolverine Asset Management LLC bought a new position in MFS Multimarket Income Trust in the third quarter valued at about $320,000. Finally, Commonwealth Equity Services LLC raised its stake in 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 worth $788,000 after acquiring an additional 32,358 shares in the last quarter. 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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