MFS Multimarket Income Trust (NYSE:MMT) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of MFS Multimarket Income Trust (NYSE:MMT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.72 and traded as low as $4.62. MFS Multimarket Income Trust shares last traded at $4.63, with a volume of 119,879 shares changing hands.

MFS Multimarket Income Trust Trading Up 0.2 %

The firm’s fifty day moving average is $4.66 and its 200-day moving average is $4.72.

MFS Multimarket Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0337 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 8.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MMT. Wealth Enhancement Advisory Services LLC bought a new stake in shares of MFS Multimarket Income Trust in the 4th quarter worth $49,000. Citadel Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth about $68,000. Broadway Wealth Solutions Inc. purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth about $70,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of MFS Multimarket Income Trust in the fourth quarter worth about $72,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of MFS Multimarket Income Trust in the third quarter worth approximately $103,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

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.