MFS Multimarket Income Trust (NYSE:MMT) Share Price Crosses Above 50 Day Moving Average of $6.02

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MFS Multimarket Income Trust (NYSE:MMT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.02 and traded as high as $6.12. MFS Multimarket Income Trust shares last traded at $6.11, with a volume of 2,734 shares trading hands.

The firm has a fifty day moving average price of $6.03 and a two-hundred day moving average price of $5.87.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be issued a $0.0423 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.51 annualized dividend and a dividend yield of 8.34%. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.04.

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its stake in shares of MFS Multimarket Income Trust by 10.0% during the 2nd quarter. Invesco Ltd. now owns 895,798 shares of the closed-end fund’s stock valued at $5,222,000 after purchasing an additional 81,267 shares during the period. Parametric Portfolio Associates LLC grew its position in MFS Multimarket Income Trust by 2.9% during the second quarter. Parametric Portfolio Associates LLC now owns 696,369 shares of the closed-end fund’s stock valued at $4,060,000 after buying an additional 19,491 shares during the period. HighTower Advisors LLC grew its position in MFS Multimarket Income Trust by 1.6% during the second quarter. HighTower Advisors LLC now owns 560,248 shares of the closed-end fund’s stock valued at $3,264,000 after buying an additional 8,823 shares during the period. First Foundation Advisors grew its position in MFS Multimarket Income Trust by 4.2% during the second quarter. First Foundation Advisors now owns 535,958 shares of the closed-end fund’s stock valued at $3,125,000 after buying an additional 21,680 shares during the period. Finally, Cohen & Steers Inc. increased its holdings in MFS Multimarket Income Trust by 2.3% during the second quarter. Cohen & Steers Inc. now owns 479,675 shares of the closed-end fund’s stock valued at $2,797,000 after buying an additional 10,999 shares during the last quarter. 11.39% 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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