MFS Multimarket Income Trust (NYSE:MMT) Shares Cross Below Two Hundred Day Moving Average of $4.49

MFS Multimarket Income Trust (NYSE:MMT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.49 and traded as low as $4.49. MFS Multimarket Income Trust shares last traded at $4.50, with a volume of 48,916 shares.

MFS Multimarket Income Trust Trading Down 0.5 %

The firm’s fifty day moving average is $4.59 and its 200-day moving average is $4.49.

MFS Multimarket Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be issued a dividend of $0.034 per share. This is a boost from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.41 annualized dividend and a yield of 9.07%. The ex-dividend date is Tuesday, April 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in MFS Multimarket Income Trust by 0.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 596,516 shares of the closed-end fund’s stock valued at $2,541,000 after buying an additional 2,888 shares in the last quarter. Shaker Financial Services LLC increased its holdings in MFS Multimarket Income Trust by 3.6% in the fourth quarter. Shaker Financial Services LLC now owns 215,627 shares of the closed-end fund’s stock valued at $981,000 after buying an additional 7,438 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in MFS Multimarket Income Trust by 6.9% in the third quarter. Commonwealth Equity Services LLC now owns 119,621 shares of the closed-end fund’s stock valued at $510,000 after buying an additional 7,726 shares in the last quarter. WealthTrust Axiom LLC purchased a new position in MFS Multimarket Income Trust in the fourth quarter valued at about $48,000. Finally, Ieq Capital LLC purchased a new position in MFS Multimarket Income Trust in the third quarter valued at about $48,000. 18.97% of the stock is owned by hedge funds and other institutional investors.

About MFS Multimarket Income Trust

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.