Noble Wealth Management PBC Purchases Shares of 43,830 MFS Municipal Income Trust (NYSE:MFM)

Noble Wealth Management PBC acquired a new stake in MFS Municipal Income Trust (NYSE:MFM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 43,830 shares of the closed-end fund’s stock, valued at approximately $234,000.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in shares of MFS Municipal Income Trust by 6.9% during 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 in the last quarter. Van ECK Associates Corp lifted its stake in MFS Municipal Income Trust by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock worth $1,853,000 after purchasing an additional 15,058 shares during the last quarter. Choreo LLC lifted its stake in MFS Municipal Income Trust by 9.0% during 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 boosted its holdings 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. Finally, MML Investors Services LLC increased its stake in MFS Municipal Income Trust by 5.9% in 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.

MFS Municipal Income Trust Stock Performance

Shares of NYSE:MFM opened at $5.55 on Friday. The firm has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $5.55. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78.

MFS Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Tuesday, February 18th.

About MFS Municipal Income Trust

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.