MFS Multimarket Income Trust (NYSE:MMT) Shares Cross Below 200 Day Moving Average – Should You Sell?

MFS Multimarket Income Trust (NYSE:MMT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.74 and traded as low as $4.60. MFS Multimarket Income Trust shares last traded at $4.62, with a volume of 93,483 shares trading hands.

MFS Multimarket Income Trust Trading Down 0.4 %

The stock has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $4.74.

MFS Multimarket Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.0338 dividend. This represents a $0.41 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Tuesday, January 14th.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Large investors have recently added to or reduced their stakes in the business. Shaker Financial Services LLC boosted its position in MFS Multimarket Income Trust by 13.1% during the third quarter. Shaker Financial Services LLC now owns 286,096 shares of the closed-end fund’s stock worth $1,393,000 after acquiring an additional 33,239 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of MFS Multimarket Income Trust by 23.8% during the second quarter. Commonwealth Equity Services LLC now owns 168,469 shares of the closed-end fund’s stock worth $788,000 after purchasing an additional 32,358 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in MFS Multimarket Income Trust during the third quarter worth about $320,000. Kovitz Investment Group Partners LLC purchased a new position in shares of MFS Multimarket Income Trust during the 3rd quarter worth about $103,000. Finally, Ashton Thomas Securities LLC purchased a new stake in MFS Multimarket Income Trust in the third quarter valued at approximately $85,000. 18.97% of the stock is owned by institutional investors and hedge funds.

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.