Shares of MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.74 and traded as low as $4.60. MFS Multimarket Income Trust shares last traded at $4.62, with a volume of 93,483 shares.
MFS Multimarket Income Trust Price Performance
The stock's 50-day moving average is $4.68 and its 200-day moving average is $4.74.
MFS Multimarket Income Trust Cuts Dividend
The business 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 annualized dividend and a dividend yield of 8.79%. The ex-dividend date is Tuesday, January 14th.
Hedge Funds Weigh In On MFS Multimarket Income Trust
Several hedge funds have recently modified their holdings of MMT. Commonwealth Equity Services LLC boosted 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 valued at $788,000 after buying an additional 32,358 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of MFS Multimarket Income Trust during the 3rd quarter valued at about $320,000. Shaker Financial Services LLC boosted its position in shares of MFS Multimarket Income Trust by 13.1% during the 3rd quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund's stock valued at $1,393,000 after purchasing an additional 33,239 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of MFS Multimarket Income Trust in the 3rd quarter worth approximately $85,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter worth approximately $103,000. 18.97% of the stock is currently 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.
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