Robinson Capital Management LLC Lowers Holdings in MFS Municipal Income Trust (NYSE:MFM)

Robinson Capital Management LLC lowered its position in MFS Municipal Income Trust (NYSE:MFM) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,508 shares of the closed-end fund’s stock after selling 41,798 shares during the quarter. Robinson Capital Management LLC’s holdings in MFS Municipal Income Trust were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in MFS Municipal Income Trust by 6.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock worth $3,069,000 after acquiring an additional 36,785 shares during the last quarter. Choreo LLC increased its position in shares of MFS Municipal Income Trust by 9.0% in the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock worth $524,000 after purchasing an additional 8,079 shares during the last quarter. Park Avenue Securities LLC raised its stake in MFS Municipal Income Trust by 7.2% in the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock valued at $720,000 after purchasing an additional 8,993 shares in the last quarter. MML Investors Services LLC lifted its position in MFS Municipal Income Trust by 5.9% during the third quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock valued at $225,000 after purchasing an additional 2,206 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of MFS Municipal Income Trust by 49.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock worth $146,000 after buying an additional 9,000 shares during the last quarter.

MFS Municipal Income Trust Stock Up 1.2 %

NYSE MFM opened at $5.51 on Tuesday. MFS Municipal Income Trust has a 52-week low of $5.05 and a 52-week high of $5.78. The company has a fifty day moving average of $5.42 and a 200-day moving average of $5.55.

MFS Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.69%.

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.