2 days Ago By Defense World Staff
Commonwealth Equity Services LLC cut its holdings in MFS Municipal Income Trust (NYSE:MFM – Free Report) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,819 shares of the closed-end fund’s stock after selling 15,522 shares during the quarter.
Commonwealth Equity Services LLC’s holdings in MFS Municipal Income Trust were worth $101,000 as of its most recent SEC filing. A number of other large investors have also recently added to or reduced their stakes in the business. Amarillo National Bank purchased a new position in shares of MFS Municipal Income Trust in the fourth quarter worth approximately $62,000.
Avantax Advisory Services Inc. bought a new stake in MFS Municipal Income Trust in the fourth quarter worth approximately $69,000. Novus Advisors LLC acquired a new stake in MFS Municipal Income Trust in the 4th quarter worth approximately $116,000.
Wealthcare Advisory Partners LLC lifted its position in MFS Municipal Income Trust by 49.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock worth $146,000 after acquiring an additional 9,000 shares during the last quarter.
Finally, HighTower Advisors LLC boosted its position in shares of MFS Municipal Income Trust by 66.2% in 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 during the period.
MFS Municipal Income Trust Stock Down 0.7 %MFS Municipal Income Trust stock opened at $4.99 on Friday.
The business has a 50 day moving average price of $5.39 and a two-hundred day moving average price of $5.48.
MFS Municipal Income Trust has a 12 month low of $4.94 and a 12 month high of $5.78.
MFS Municipal Income Trust Announces DividendThe business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0215 per share.
The ex-dividend date is Tuesday, April 15th. This represents a $0.26 annualized dividend and a yield of 5.
18%. About MFS Municipal Income Trust (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 ReadingFive stocks we like better than MFS Municipal Income TrustUsing the MarketBeat Stock Split CalculatorJPMorgan is a Buy, if You Can Handle The Volatility 3 Warren Buffett Stocks to Buy NowUnited States Steel’s Crash: An Unmissable Buying OpportunityMastering Discipline: Overcoming Emotional Challenges In TradingRocket Lab Stock: Weathering the Storm, Time for a Comeback?Want to see what other hedge funds are holding MFM? Visit HoldingsChannel.
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