MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) crossed 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 Stock Down 0.2%
The firm's fifty day simple moving average is $4.64 and its 200 day simple moving average is $4.62.
MFS Multimarket Income Trust Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.0333 dividend. This is an increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Tuesday, July 15th.
Institutional Investors Weigh In On MFS Multimarket Income Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in MFS Multimarket Income Trust during the 4th quarter worth approximately $3,922,000. Commonwealth Equity Services LLC lifted its holdings in shares of MFS Multimarket Income Trust by 4.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 183,356 shares of the closed-end fund's stock worth $860,000 after purchasing an additional 7,055 shares during the period. Ashton Thomas Securities LLC grew its stake in shares of MFS Multimarket Income Trust by 97.1% in the fourth quarter. Ashton Thomas Securities LLC now owns 34,500 shares of the closed-end fund's stock worth $162,000 after purchasing an additional 17,000 shares during the last quarter. Broadway Wealth Solutions Inc. bought a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth $70,000. Finally, Invesco Ltd. increased its holdings in MFS Multimarket Income Trust by 2.6% in the fourth quarter. Invesco Ltd. now owns 692,046 shares of the closed-end fund's stock valued at $3,246,000 after purchasing an additional 17,284 shares during the period. Institutional investors own 18.97% of the company's stock.
MFS Multimarket Income Trust Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MFS Multimarket Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Multimarket Income Trust wasn't on the list.
While MFS Multimarket Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
