MFS Multimarket Income Trust (NYSE:MMT) Share Price Passes Below Two Hundred Day Moving Average of $4.81

Shares of MFS Multimarket Income Trust (NYSE:MMTGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.81 and traded as low as $4.39. MFS Multimarket Income Trust shares last traded at $4.40, with a volume of 78,865 shares traded.

MFS Multimarket Income Trust Stock Performance

The business’s 50-day simple moving average is $4.70 and its 200-day simple moving average is $4.81.

MFS Multimarket Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.034 per share. This represents a $0.41 annualized dividend and a dividend yield of 9.28%. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, September 13th.

Institutional Trading of MFS Multimarket Income Trust

Large investors have recently made changes to their positions in the company. Shaker Financial Services LLC purchased a new position in MFS Multimarket Income Trust during the first quarter worth approximately $1,676,000. Wolverine Asset Management LLC acquired a new stake in MFS Multimarket Income Trust during the first quarter worth $1,140,000. Allspring Global Investments Holdings LLC acquired a new stake in MFS Multimarket Income Trust during the second quarter worth $831,000. Invesco Ltd. increased its stake in MFS Multimarket Income Trust by 22.1% during the first quarter. Invesco Ltd. now owns 601,035 shares of the closed-end fund’s stock worth $3,191,000 after acquiring an additional 108,900 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in MFS Multimarket Income Trust by 39.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 239,834 shares of the closed-end fund’s stock worth $1,094,000 after acquiring an additional 68,189 shares during the last quarter. 17.43% of the stock is currently owned by hedge funds and other institutional investors.

MFS Multimarket Income Trust Company Profile

(Get Rating)

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.

Read More

Receive News & Ratings for MFS Multimarket Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Multimarket Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.