MFS Multimarket Income Trust (NYSE:MMT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.62 and traded as low as $4.62. MFS Multimarket Income Trust shares last traded at $4.62, with a volume of 72,535 shares changing hands.
MFS Multimarket Income Trust Price Performance
The firm's fifty day moving average price is $4.64 and its 200 day moving average price is $4.62.
MFS Multimarket Income Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.0333 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Tuesday, July 15th. This is an increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.
Hedge Funds Weigh In On MFS Multimarket Income Trust
Hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in MFS Multimarket Income Trust by 780.0% in the first 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 last quarter. Wealth Enhancement Advisory Services LLC bought a new position in MFS Multimarket Income Trust during the fourth quarter valued at $49,000. Citadel Advisors LLC bought a new position in MFS Multimarket Income Trust during the fourth quarter valued at $68,000. Broadway Wealth Solutions Inc. bought a new position in MFS Multimarket Income Trust during the fourth quarter valued at $70,000. Finally, Founders Financial Alliance LLC bought a new position in MFS Multimarket Income Trust during the first quarter valued at $70,000. Hedge funds and other institutional investors own 18.97% of the company's stock.
MFS Multimarket Income Trust Company Profile
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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.
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