MFS Multimarket Income Trust (NYSE:MMT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.18 and last traded at $5.21, with a volume of 414478 shares traded. The stock had previously closed at $5.23.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be issued a dividend of $0.041 per share. This represents a $0.49 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date is Tuesday, November 13th.

Institutional investors and hedge funds have recently bought and sold shares of the business. We Are One Seven LLC bought a new stake in MFS Multimarket Income Trust during the 3rd quarter worth approximately $117,000. Royal Bank of Canada grew its holdings in MFS Multimarket Income Trust by 17.5% during the 1st quarter. Royal Bank of Canada now owns 272,764 shares of the closed-end fund’s stock worth $1,574,000 after acquiring an additional 40,528 shares during the last quarter. Bank of America Corp DE grew its holdings in MFS Multimarket Income Trust by 6.8% during the 2nd quarter. Bank of America Corp DE now owns 171,056 shares of the closed-end fund’s stock worth $967,000 after acquiring an additional 10,872 shares during the last quarter. Laurion Capital Management LP grew its holdings in MFS Multimarket Income Trust by 43.1% during the 2nd quarter. Laurion Capital Management LP now owns 586,733 shares of the closed-end fund’s stock worth $3,315,000 after acquiring an additional 176,856 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in MFS Multimarket Income Trust by 56.6% during the 2nd quarter. Lido Advisors LLC now owns 45,998 shares of the closed-end fund’s stock worth $259,000 after acquiring an additional 16,621 shares during the last quarter. 14.22% of the stock is currently owned by hedge funds and other institutional investors.

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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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