Anderson Financial Strategies LLC bought a new stake in MFS Municipal Income Trust (NYSE:MFM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 801,531 shares of the closed-end fund's stock, valued at approximately $4,288,000. MFS Municipal Income Trust makes up approximately 2.6% of Anderson Financial Strategies LLC's investment portfolio, making the stock its 15th biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MFM. Jane Street Group LLC bought a new stake in shares of MFS Municipal Income Trust in the 4th quarter valued at approximately $79,000. Guggenheim Capital LLC grew its position in MFS Municipal Income Trust by 23.4% in the fourth quarter. Guggenheim Capital LLC now owns 654,988 shares of the closed-end fund's stock valued at $3,504,000 after acquiring an additional 124,086 shares during the period. Rockefeller Capital Management L.P. raised its stake in MFS Municipal Income Trust by 19.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 127,236 shares of the closed-end fund's stock worth $681,000 after acquiring an additional 20,652 shares in the last quarter. Raymond James Financial Inc. acquired a new position in MFS Municipal Income Trust during the fourth quarter worth $997,000. Finally, Invesco Ltd. lifted its holdings in shares of MFS Municipal Income Trust by 85.9% during the fourth quarter. Invesco Ltd. now owns 239,267 shares of the closed-end fund's stock valued at $1,280,000 after acquiring an additional 110,536 shares during the period.
MFS Municipal Income Trust Trading Up 0.6 %
MFM stock traded up $0.03 during midday trading on Wednesday, reaching $5.21. 85,451 shares of the company's stock traded hands, compared to its average volume of 105,828. The company has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $5.41. MFS Municipal Income Trust has a 1-year low of $4.94 and a 1-year high of $5.78.
MFS Municipal Income Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be paid a $0.022 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is an increase from MFS Municipal Income Trust's previous monthly dividend of $0.02. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.07%.
MFS Municipal Income Trust Profile
(
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.
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