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

Shares of MFS Multimarket Income Trust (NYSE:MMT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.74 and traded as high as $4.75. MFS Multimarket Income Trust shares last traded at $4.74, with a volume of 70,393 shares trading hands.

MFS Multimarket Income Trust Stock Down 0.2 %

The stock has a fifty day moving average of $4.75 and a two-hundred day moving average of $4.74.

MFS Multimarket Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0339 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.57%.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of MFS Multimarket Income Trust by 36.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,251,335 shares of the closed-end fund’s stock valued at $15,216,000 after acquiring an additional 875,755 shares during the period. Atomi Financial Group Inc. increased its position in MFS Multimarket Income Trust by 19.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 55,809 shares of the closed-end fund’s stock valued at $261,000 after buying an additional 9,110 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in MFS Multimarket Income Trust by 23.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock worth $788,000 after buying an additional 32,358 shares during the period. Shaker Financial Services LLC boosted its holdings in MFS Multimarket Income Trust by 9.7% in the second quarter. Shaker Financial Services LLC now owns 252,857 shares of the closed-end fund’s stock worth $1,183,000 after acquiring an additional 22,331 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in MFS Multimarket Income Trust in the third quarter worth approximately $85,000. 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.