Envestnet Asset Management Inc. Purchases 103,401 Shares of Mfs Muni Inc Tr (NYSE:MFM)

Envestnet Asset Management Inc. increased its holdings in Mfs Muni Inc Tr (NYSE:MFM - Free Report) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,204 shares of the closed-end fund's stock after purchasing an additional 103,401 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.30% of Mfs Muni Inc Tr worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in shares of Mfs Muni Inc Tr by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund's stock valued at $120,000 after purchasing an additional 2,536 shares in the last quarter. Aviance Capital Partners LLC boosted its position in 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 in the last quarter. Logan Stone Capital LLC boosted its position in Mfs Muni Inc Tr by 1.3% during the 4th quarter. Logan Stone Capital LLC now owns 402,423 shares of the closed-end fund's stock valued at $2,153,000 after acquiring an additional 5,244 shares in the last quarter. Avior Wealth Management LLC boosted its position in Mfs Muni Inc Tr by 25.6% during the 1st quarter. Avior Wealth Management LLC now owns 29,593 shares of the closed-end fund's stock valued at $157,000 after acquiring an additional 6,033 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Mfs Muni Inc Tr by 10.3% during the 4th quarter. Ameriprise Financial Inc. now owns 65,114 shares of the closed-end fund's stock valued at $348,000 after acquiring an additional 6,097 shares in the last quarter.

Mfs Muni Inc Tr Price Performance

NYSE:MFM opened at $5.07 on Friday. Mfs Muni Inc Tr has a one year low of $4.94 and a one year high of $5.78. The company's 50-day simple moving average is $5.12 and its 200 day simple moving average is $5.25.

Mfs Muni Inc Tr Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.024 per share. This is an increase from Mfs Muni Inc Tr's previous monthly dividend of $0.02. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Tuesday, July 15th.

Mfs Muni Inc Tr Company Profile

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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