Tyche Wealth Partners LLC Has $300,000 Position in MFS Municipal Income Trust (NYSE:MFM)

Tyche Wealth Partners LLC reduced its stake in shares of MFS Municipal Income Trust (NYSE:MFM) by 34.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,050 shares of the closed-end fund’s stock after selling 29,326 shares during the quarter. Tyche Wealth Partners LLC’s holdings in MFS Municipal Income Trust were worth $300,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MFM. Pathstone Holdings LLC raised its position in MFS Municipal Income Trust by 14.8% during the third quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock valued at $9,298,000 after acquiring an additional 209,439 shares in the last quarter. Janney Montgomery Scott LLC raised its position in MFS Municipal Income Trust by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock valued at $3,069,000 after acquiring an additional 36,785 shares in the last quarter. Wolverine Asset Management LLC raised its position in MFS Municipal Income Trust by 81.1% during the third quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock valued at $456,000 after acquiring an additional 35,662 shares in the last quarter. Sanctuary Advisors LLC bought a new position in MFS Municipal Income Trust during the second quarter valued at approximately $104,000. Finally, HighTower Advisors LLC raised its position in MFS Municipal Income Trust by 66.2% during the third quarter. HighTower Advisors LLC now owns 32,726 shares of the closed-end fund’s stock valued at $183,000 after acquiring an additional 13,030 shares in the last quarter.

MFS Municipal Income Trust Price Performance

Shares of MFM opened at $5.52 on Friday. The firm’s 50 day moving average price is $5.45 and its 200 day moving average price is $5.54. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a yield of 4.67%. The ex-dividend date is Tuesday, February 18th.

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.