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

MFS Multimarket Income Trust (NYSE:MMT – Get Free Report)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $4.47 and traded as low as $4.28. MFS Multimarket Income Trust shares last traded at $4.3150, with a volume of 1,243,657 shares changing hands.

MFS Multimarket Income Trust Trading Up 0.6%

The stock has a fifty day moving average of $4.39 and a 200-day moving average of $4.46.

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MFS Multimarket Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were issued a $0.04 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMT. Baird Financial Group Inc. bought a new stake in MFS Multimarket Income Trust during the second quarter worth about $49,000. Gerald Baker Financial Group LLC bought a new stake in shares of MFS Multimarket Income Trust during the 1st quarter worth approximately $57,000. Integrated Wealth Concepts LLC acquired a new stake in shares of MFS Multimarket Income Trust in the 2nd quarter valued at approximately $59,000. First Heartland Consultants Inc. bought a new position in shares of MFS Multimarket Income Trust in the second quarter valued at $66,000. Finally, Wedbush Securities Inc. grew its stake in shares of MFS Multimarket Income Trust by 117.7% in the second quarter. Wedbush Securities Inc. now owns 25,190 shares of the closed-end fund’s stock valued at $111,000 after buying an additional 13,617 shares in the last quarter. 18.97% of the stock is owned by institutional investors.

About MFS Multimarket Income Trust

(Get Free Report)

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end investment company managed by MFS Investment Management. The trust seeks to provide high current income and, secondarily, capital appreciation by investing in a diversified portfolio of fixed-income securities and other income-producing investments.

Its portfolio may include government and corporate bonds, mortgage- and asset-backed securities, municipal obligations, floating-rate loans and other debt instruments issued in the United States and international markets.

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