MFS Municipal Income Trust (NYSE:MFM) Stock Passes Below 200 Day Moving Average – Here’s What Happened

MFS Municipal Income Trust (NYSE:MFM)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.52 and traded as low as $5.29. MFS Municipal Income Trust shares last traded at $5.30, with a volume of 89,635 shares.

MFS Municipal Income Trust Price Performance

The stock has a fifty day moving average price of $5.44 and a two-hundred day moving average price of $5.52.

MFS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.26 dividend on an annualized basis and a yield of 4.87%.

Hedge Funds Weigh In On MFS Municipal Income Trust

A number of institutional investors have recently modified their holdings of MFM. Waverly Advisors LLC acquired a new stake in shares of MFS Municipal Income Trust during the fourth quarter worth $54,000. Amarillo National Bank acquired a new stake in MFS Municipal Income Trust in the 4th quarter worth about $62,000. Avantax Advisory Services Inc. acquired a new stake in MFS Municipal Income Trust in the 4th quarter worth about $69,000. Landscape Capital Management L.L.C. purchased a new stake in MFS Municipal Income Trust in the 4th quarter valued at about $70,000. Finally, Jane Street Group LLC acquired a new position in shares of MFS Municipal Income Trust during the 4th quarter valued at about $79,000.

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.