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

MFS Multimarket Income Trust (NYSE:MMT) shares 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 traded.

MFS Multimarket Income Trust Stock Performance

The stock has a 50-day simple moving average of $4.59 and a 200 day simple moving average of $4.49.

MFS Multimarket Income Trust Increases Dividend

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

Institutional Trading of MFS Multimarket Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of MFS Multimarket Income Trust by 6.9% during the 3rd 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 during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of MFS Multimarket Income Trust by 0.5% during the 3rd 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 during the last quarter. Park Avenue Securities LLC purchased a new position in shares of MFS Multimarket Income Trust during the 3rd quarter valued at about $81,000. Allspring Global Investments Holdings LLC raised its stake in shares of MFS Multimarket Income Trust by 26.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998,542 shares of the closed-end fund’s stock valued at $8,514,000 after buying an additional 422,858 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of MFS Multimarket Income Trust by 156.0% during the 3rd quarter. Shaker Financial Services LLC now owns 208,189 shares of the closed-end fund’s stock valued at $887,000 after buying an additional 126,869 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 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.