MFS Multimarket Income Trust (NYSE:MMT) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of MFS Multimarket Income Trust (NYSE:MMT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.70 and traded as low as $4.64. MFS Multimarket Income Trust shares last traded at $4.6450, with a volume of 90,808 shares changing hands.

MFS Multimarket Income Trust Stock Performance

The company has a 50 day moving average of $4.70 and a 200-day moving average of $4.70.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.0337 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, December 16th.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Impact Capital Partners LLC bought a new position in MFS Multimarket Income Trust in the third quarter worth about $48,000. North Capital Inc. acquired a new stake in shares of MFS Multimarket Income Trust during the 3rd quarter worth approximately $48,000. Geneos Wealth Management Inc. raised its position in shares of MFS Multimarket Income Trust by 780.0% during the 1st 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 bought a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter worth approximately $49,000. Finally, Jane Street Group LLC acquired a new position in MFS Multimarket Income Trust during the 2nd quarter valued at approximately $84,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

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.