MFS Multimarket Income Trust (NYSE:MMT) Shares Cross Below 200 Day Moving Average – What’s Next?

MFS Multimarket Income Trust (NYSE:MMTGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.59 and traded as low as $4.40. MFS Multimarket Income Trust shares last traded at $4.4050, with a volume of 231,519 shares.

MFS Multimarket Income Trust Trading Down 0.1%

The business has a fifty day simple moving average of $4.48 and a two-hundred day simple moving average of $4.59.

MFS Multimarket Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.0328 per share. The ex-dividend date was Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 8.9%.

Institutional Trading of MFS Multimarket Income Trust

Several institutional investors have recently bought and sold shares of MMT. Geneos Wealth Management Inc. increased its holdings in MFS Multimarket Income Trust by 780.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after buying an additional 9,001 shares in the last quarter. Gerald Baker Financial Group LLC bought a new position in MFS Multimarket Income Trust during the 1st quarter valued at about $57,000. First Heartland Consultants Inc. bought a new position in MFS Multimarket Income Trust during the 2nd quarter valued at about $66,000. Melfa Wealth Management Inc. purchased a new stake in shares of MFS Multimarket Income Trust during the 4th quarter valued at about $72,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust during the 4th quarter valued at about $73,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

About MFS Multimarket Income Trust

(Get Free Report)

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.

Further Reading

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