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

MFS Multimarket Income Trust (NYSE:MMT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.50 and traded as low as $4.32. MFS Multimarket Income Trust shares last traded at $4.3650, with a volume of 145,909 shares trading hands.

MFS Multimarket Income Trust Trading Down 0.3%

The business has a fifty day moving average price of $4.42 and a 200 day moving average price of $4.50.

MFS Multimarket Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were paid a $0.04 dividend. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend was Monday, August 24th.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of MFS Multimarket Income Trust during the second quarter worth about $59,000. NewEdge Advisors LLC boosted its position in MFS Multimarket Income Trust by 260.5% in the 2nd quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock valued at $825,000 after buying an additional 135,487 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of MFS Multimarket Income Trust during the second quarter valued at about $49,000. Allworth Financial LP grew its stake in shares of MFS Multimarket Income Trust by 8.3% during the second quarter. Allworth Financial LP now owns 40,596 shares of the closed-end fund’s stock valued at $179,000 after acquiring an additional 3,096 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in shares of MFS Multimarket Income Trust by 395.1% during the second quarter. Waverly Advisors LLC now owns 72,466 shares of the closed-end fund’s stock worth $319,000 after acquiring an additional 57,829 shares during the last quarter. Institutional investors and hedge funds own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

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.