MFS Multimarket Income Trust (NYSE:MMT) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of MFS Multimarket Income Trust (NYSE:MMT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.70 and traded as low as $4.37. MFS Multimarket Income Trust shares last traded at $4.5050, with a volume of 179,129 shares.

MFS Multimarket Income Trust Stock Up 0.3%

The business’s fifty day moving average is $4.67 and its 200 day moving average is $4.70.

MFS Multimarket Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.0338 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 9.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Impact Capital Partners LLC bought a new stake in MFS Multimarket Income Trust in the 3rd quarter valued at about $48,000. North Capital Inc. bought a new position in MFS Multimarket Income Trust during the third quarter worth about $48,000. Geneos Wealth Management Inc. boosted its position in MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 9,001 shares during the period. Park Avenue Securities LLC purchased a new position in shares of MFS Multimarket Income Trust in the third quarter worth about $49,000. Finally, Melfa Wealth Management Inc. purchased a new position in shares of MFS Multimarket Income Trust in the fourth quarter worth about $72,000. Institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

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.