MFS Multimarket Income Trust (NYSE:MMT) Stock Passes Above Two Hundred Day Moving Average of $0.00

MFS Multimarket Income Trust (NYSE:MMT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $5.86. MFS Multimarket Income Trust shares last traded at $5.84, with a volume of 1,797 shares.

The stock has a 50-day moving average price of $5.77.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 8.64%. The ex-dividend date of this dividend is Tuesday, July 16th.

Several institutional investors have recently added to or reduced their stakes in MMT. Stone House Investment Management LLC acquired a new position in shares of MFS Multimarket Income Trust in the first quarter valued at approximately $27,000. Howard Financial Services LTD. acquired a new stake in MFS Multimarket Income Trust during the 4th quarter valued at approximately $61,000. Raymond James Trust N.A. increased its position in MFS Multimarket Income Trust by 31.5% during the 2nd quarter. Raymond James Trust N.A. now owns 15,464 shares of the closed-end fund’s stock valued at $90,000 after purchasing an additional 3,700 shares during the period. Cetera Investment Advisers increased its position in MFS Multimarket Income Trust by 17.0% during the 4th quarter. Cetera Investment Advisers now owns 19,370 shares of the closed-end fund’s stock valued at $99,000 after purchasing an additional 2,808 shares during the period. Finally, City of London Investment Management Co. Ltd. acquired a new stake in MFS Multimarket Income Trust during the 1st quarter valued at approximately $107,000. 13.95% of the stock is owned by institutional investors.

About MFS Multimarket Income Trust (NYSE:MMT)

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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