Invesco Ltd. Has $1.70 Million Stock Holdings in Mfs Muni Inc Tr $MFM

Key Points

• Invesco Ltd. has increased its position in MFS MUNI INC TR by 33.7%, owning 319,810 shares valued at approximately $1.7 million as of the end of the 1st quarter.
• Several institutional investors have made new acquisitions in MFS MUNI INC TR, with individual stakes valued between $45,000 and $106,000 in recent months.
• The MFS MUNI INC TR announced a monthly dividend of $0.024, which reflects an annualized yield of 5.6% for investors of record on August 19th.

Invesco Ltd. raised its position in Mfs Muni Inc Tr (NYSE:MFM - Free Report) by 33.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 319,810 shares of the closed-end fund's stock after acquiring an additional 80,543 shares during the period. Invesco Ltd. owned about 0.65% of Mfs Muni Inc Tr worth $1,695,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised 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 worth $120,000 after purchasing an additional 2,536 shares in the last quarter. Aviance Capital Partners LLC raised its stake 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 worth $232,000 after purchasing an additional 3,145 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Mfs Muni Inc Tr by 24.5% during the 1st 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. Logan Stone Capital LLC raised its stake in shares of 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 worth $2,153,000 after purchasing an additional 5,244 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Mfs Muni Inc Tr by 34.8% during the 1st quarter. Wolverine Asset Management LLC now owns 21,250 shares of the closed-end fund's stock worth $113,000 after purchasing an additional 5,483 shares in the last quarter.

Mfs Muni Inc Tr Trading Up 0.9%

Shares of Mfs Muni Inc Tr stock traded up $0.05 on Friday, reaching $5.19. 143,316 shares of the company were exchanged, compared to its average volume of 134,064. Mfs Muni Inc Tr has a one year low of $4.94 and a one year high of $5.78. The company has a 50-day moving average of $5.13 and a 200 day moving average of $5.19.

Mfs Muni Inc Tr Announces Dividend

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

Mfs Muni Inc Tr 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.