MFS Municipal Income Trust (NYSE:MFM) Position Increased by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of MFS Municipal Income Trust (NYSE:MFM) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,275 shares of the closed-end fund’s stock after buying an additional 5,982 shares during the period. Raymond James & Associates’ holdings in MFS Municipal Income Trust were worth $611,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Partners II LLC acquired a new position in MFS Municipal Income Trust in the 3rd quarter worth approximately $1,615,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of MFS Municipal Income Trust during the 3rd quarter valued at $1,048,000. Advisors Asset Management Inc. raised its holdings in MFS Municipal Income Trust by 11.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 844,822 shares of the closed-end fund’s stock worth $3,844,000 after acquiring an additional 89,838 shares during the period. Almitas Capital LLC bought a new position in MFS Municipal Income Trust in the 3rd quarter worth $257,000. Finally, UBS Group AG raised its holdings in MFS Municipal Income Trust by 8.1% in the 3rd quarter. UBS Group AG now owns 706,740 shares of the closed-end fund’s stock worth $3,216,000 after acquiring an additional 53,138 shares during the period.

MFS Municipal Income Trust Trading Down 0.4 %

Shares of MFM opened at $5.09 on Thursday. MFS Municipal Income Trust has a one year low of $4.37 and a one year high of $5.48. The company’s fifty day moving average price is $5.25 and its 200 day moving average price is $5.08.

MFS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be issued a $0.0205 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.25 annualized dividend and a yield of 4.83%.

MFS Municipal Income Trust Company 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.