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

MFS Multimarket Income Trust (NYSE:MMT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.72 and traded as low as $4.68. MFS Multimarket Income Trust shares last traded at $4.6850, with a volume of 54,691 shares traded.

MFS Multimarket Income Trust Price Performance

The business has a fifty day simple moving average of $4.70 and a 200 day simple moving average of $4.72.

MFS Multimarket Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.0338 per share. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Investors Weigh In On MFS Multimarket Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of MMT. Beacon Pointe Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust during the 4th quarter worth approximately $73,000. Regal Investment Advisors LLC acquired a new position in MFS Multimarket Income Trust during the fourth quarter worth $313,000. Captrust Financial Advisors purchased a new stake in MFS Multimarket Income Trust during the fourth quarter worth $90,000. &PARTNERS acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at $84,000. Finally, Advisors Asset Management Inc. acquired a new stake in MFS Multimarket Income Trust in the fourth quarter valued at $1,833,000. 18.97% of the stock is currently owned by institutional investors and hedge funds.

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.