Advisors Asset Management Inc. Sells 109,087 Shares of 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. lessened its position in shares of MFS MUNI INC TR (NYSE:MFM - Free Report) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 1.56% of MFS MUNI INC TR worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its position in MFS MUNI INC TR by 12.8% during the fourth quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund's stock worth $120,000 after buying an additional 2,536 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of MFS MUNI INC TR by 21.9% during the 1st quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund's stock valued at $85,000 after acquiring an additional 2,869 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of MFS MUNI INC TR by 7.7% during the 1st quarter. Aviance Capital Partners LLC now owns 43,809 shares of the closed-end fund's stock valued at $232,000 after acquiring an additional 3,145 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of MFS MUNI INC TR by 24.5% during the first quarter. Chicago Partners Investment Group LLC now owns 26,378 shares of the closed-end fund's stock worth $137,000 after purchasing an additional 5,188 shares in the last quarter. Finally, Logan Stone Capital LLC increased its position in shares of MFS MUNI INC TR by 1.3% in the fourth quarter. Logan Stone Capital LLC now owns 402,423 shares of the closed-end fund's stock worth $2,153,000 after purchasing an additional 5,244 shares during the last quarter.

MFS MUNI INC TR Trading Up 0.5%

MFS MUNI INC TR stock traded up $0.03 during mid-day trading on Thursday, hitting $5.37. 103,595 shares of the company traded hands, compared to its average volume of 144,299. MFS MUNI INC TR has a one year low of $4.94 and a one year high of $5.78. The stock has a fifty day moving average price of $5.14 and a 200-day moving average price of $5.19.

MFS MUNI INC TR Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.024 dividend. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 5.4%.

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.