Mfs Muni Inc Tr (NYSE:MFM) Shares Cross Above 50 Day Moving Average – Should You Sell?

Mfs Muni Inc Tr (NYSE:MFMGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.36 and traded as high as $5.44. Mfs Muni Inc Tr shares last traded at $5.44, with a volume of 85,005 shares.

Mfs Muni Inc Tr Stock Up 0.9%

The company’s fifty day moving average price is $5.36 and its 200 day moving average price is $5.22.

Mfs Muni Inc Tr Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 18th will be paid a $0.024 dividend. The ex-dividend date is Tuesday, November 18th. This represents a c) annualized dividend and a yield of 5.3%.

Hedge Funds Weigh In On Mfs Muni Inc Tr

Hedge funds and other institutional investors have recently modified their holdings of the business. NWF Advisory Services Inc. bought a new position in shares of Mfs Muni Inc Tr in the second quarter valued at approximately $52,000. Colonial Trust Advisors bought a new stake in Mfs Muni Inc Tr during the third quarter worth $62,000. World Investment Advisors purchased a new position in Mfs Muni Inc Tr in the third quarter worth $77,000. Activest Wealth Management bought a new position in Mfs Muni Inc Tr in the 3rd quarter valued at $80,000. Finally, Landscape Capital Management L.L.C. grew its stake in Mfs Muni Inc Tr by 21.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 2,869 shares during the period.

Mfs Muni Inc Tr Company Profile

(Get Free Report)

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.

Further Reading

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