Anderson Financial Strategies LLC acquired a new stake in shares of MFS Municipal Income Trust (NYSE:MFM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 801,531 shares of the closed-end fund's stock, valued at approximately $4,288,000. MFS Municipal Income Trust makes up about 2.6% of Anderson Financial Strategies LLC's holdings, making the stock its 15th biggest position.
Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of MFS Municipal Income Trust during the 4th quarter valued at $997,000. Advisors Asset Management Inc. raised its stake in MFS Municipal Income Trust by 21.2% during the 4th quarter. Advisors Asset Management Inc. now owns 875,266 shares of the closed-end fund's stock worth $4,683,000 after buying an additional 153,263 shares during the period. Guggenheim Capital LLC raised its stake 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 buying an additional 124,086 shares during the period. Invesco Ltd. grew its position in MFS Municipal Income Trust by 85.9% in 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 last quarter. Finally, Noble Wealth Management PBC bought a new position in MFS Municipal Income Trust in the fourth quarter worth approximately $234,000.
MFS Municipal Income Trust Price Performance
Shares of NYSE MFM remained flat at $5.21 during mid-day trading on Thursday. 23,432 shares of the company traded hands, compared to its average volume of 105,457. MFS Municipal Income Trust has a 12 month low of $4.94 and a 12 month high of $5.78. The business's 50-day moving average price is $5.25 and its 200 day moving average price is $5.41.
MFS Municipal Income Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.07%. This is a boost from MFS Municipal Income Trust's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, May 13th.
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.
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