Advisors Asset Management Inc. Decreases Position in Mfs Muni Inc Tr $MFM

Key Points

• Advisors Asset Management Inc. has reduced its stake in Mfs Muni Inc Tr by 12.5%, holding 766,179 shares valued at approximately $4.06 million as of its latest SEC filing.
• Other institutional investors, such as Farther Finance Advisors LLC and Landscape Capital Management L.L.C., have either established new stakes or increased their positions in Mfs Muni Inc Tr.
• Mfs Muni Inc Tr declared a monthly dividend of $0.024 for stockholders of record on September 16, with an annualized yield of 5.6%.

Advisors Asset Management Inc. cut its stake in shares of Mfs Muni Inc Tr (NYSE:MFM - Free Report) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,179 shares of the closed-end fund's stock after selling 109,087 shares during the period. Advisors Asset Management Inc. owned 1.56% of Mfs Muni Inc Tr worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in Mfs Muni Inc Tr during the first quarter valued at approximately $45,000. Waverly Advisors LLC purchased a new stake in Mfs Muni Inc Tr during the fourth quarter valued at approximately $54,000. Jane Street Group LLC purchased a new stake in Mfs Muni Inc Tr during the fourth quarter valued at approximately $79,000. Landscape Capital Management L.L.C. raised its position in Mfs Muni Inc Tr by 21.9% during the first quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund's stock valued at $85,000 after purchasing an additional 2,869 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Mfs Muni Inc Tr during the fourth quarter valued at approximately $106,000.

Mfs Muni Inc Tr Stock Performance

Shares of MFM stock opened at $5.19 on Friday. The stock's 50 day simple moving average is $5.13 and its two-hundred day simple moving average is $5.19. Mfs Muni Inc Tr has a 1 year low of $4.94 and a 1 year high of $5.78.

Mfs Muni Inc Tr Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.024 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 16th.

About Mfs Muni Inc Tr

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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