MFS Municipal Income Trust (NYSE:MFM) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in MFS Municipal Income Trust (NYSE:MFM) by 21.2% in the 4th quarter, HoldingsChannel reports. The firm owned 875,266 shares of the closed-end fund’s stock after purchasing an additional 153,263 shares during the quarter. Advisors Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $4,683,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. purchased a new position in MFS Municipal Income Trust during the 4th quarter worth approximately $69,000. HighTower Advisors LLC increased its stake in shares of MFS Municipal Income Trust by 73.4% in the fourth quarter. HighTower Advisors LLC now owns 56,750 shares of the closed-end fund’s stock worth $304,000 after acquiring an additional 24,024 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of MFS Municipal Income Trust by 19.4% during the fourth quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund’s stock worth $218,000 after purchasing an additional 6,595 shares during the last quarter. Novus Advisors LLC acquired a new position in MFS Municipal Income Trust during the fourth quarter valued at $116,000. Finally, Raymond James Financial Inc. purchased a new stake in MFS Municipal Income Trust in the fourth quarter valued at $997,000.

MFS Municipal Income Trust Stock Down 0.1 %

Shares of MFM opened at $5.36 on Thursday. The business’s 50-day moving average is $5.44 and its two-hundred day moving average is $5.53. MFS Municipal Income Trust has a fifty-two week low of $5.05 and a fifty-two week high of $5.78.

MFS Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Tuesday, March 18th.

MFS Municipal Income Trust Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.