Mfs Muni Inc Tr $MFM Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its holdings in shares of Mfs Muni Inc Tr (NYSE:MFM) by 122.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 551,587 shares of the closed-end fund’s stock after purchasing an additional 303,685 shares during the period. Riverbridge Partners LLC owned about 1.34% of Mfs Muni Inc Tr worth $2,675,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in shares of Mfs Muni Inc Tr by 1.6% in the 3rd quarter. Park Avenue Securities LLC now owns 133,587 shares of the closed-end fund’s stock worth $648,000 after acquiring an additional 2,150 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Mfs Muni Inc Tr by 7.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 47,695 shares of the closed-end fund’s stock worth $231,000 after acquiring an additional 3,160 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Mfs Muni Inc Tr by 12.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 30,606 shares of the closed-end fund’s stock worth $172,000 after purchasing an additional 3,376 shares during the last quarter. Cetera Investment Advisers raised its position in Mfs Muni Inc Tr by 22.4% in the 1st quarter. Cetera Investment Advisers now owns 34,303 shares of the closed-end fund’s stock worth $185,000 after buying an additional 6,268 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Mfs Muni Inc Tr by 1,220.8% during the second quarter. Allworth Financial LP now owns 9,602 shares of the closed-end fund’s stock valued at $54,000 after purchasing an additional 8,875 shares during the period.

Mfs Muni Inc Tr Price Performance

NYSE MFM opened at $5.16 on Wednesday. Mfs Muni Inc Tr has a 1-year low of $4.75 and a 1-year high of $5.67. The business’s fifty day moving average price is $5.08 and its 200-day moving average price is $5.35.

Mfs Muni Inc Tr Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, November 20th.

Mfs Muni Inc Tr Profile

MFS Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol MFM. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, municipalities and other public entities in the United States. Its portfolio may include bonds financing public infrastructure and essential services, such as education, transportation, utilities, health care and other governmental projects.