MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.
The company has a 50-day moving average price of $4.75 and a 200-day moving average price of $4.74.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0339 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.41 annualized dividend and a dividend yield of 8.57%.
A number of hedge funds and other institutional investors have recently modified their holdings of MMT. Ashton Thomas Securities LLC bought a new position in MFS Multimarket Income Trust in the 3rd quarter valued at about $85,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of MFS Multimarket Income Trust in the 3rd quarter worth approximately $103,000. Atomi Financial Group Inc. lifted its stake in shares of 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 worth $261,000 after acquiring an additional 9,110 shares during the period. Wolverine Asset Management LLC bought a new position in shares of MFS Multimarket Income Trust in the third quarter valued at approximately $320,000. Finally, Commonwealth Equity Services LLC increased its stake 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 valued at $788,000 after acquiring an additional 32,358 shares during the period. 18.97% of the stock is currently owned by institutional investors.
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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