Janney Montgomery Scott LLC grew its stake in MFS MUNI INC TR (NYSE:MFM - Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 626,431 shares of the closed-end fund's stock after buying an additional 52,816 shares during the period. Janney Montgomery Scott LLC's holdings in MFS MUNI INC TR were worth $3,320,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MFM. Bank of America Corp DE boosted its holdings in shares of MFS MUNI INC TR by 15.6% during the 4th quarter. Bank of America Corp DE now owns 1,895,354 shares of the closed-end fund's stock worth $10,140,000 after buying an additional 255,120 shares during the period. Citadel Advisors LLC acquired a new position in MFS MUNI INC TR during the 4th quarter worth $106,000. Jane Street Group LLC acquired a new position in MFS MUNI INC TR during the 4th quarter worth $79,000. Cetera Investment Advisers boosted its holdings 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 valued at $120,000 after acquiring an additional 2,536 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of MFS MUNI INC TR in the first quarter valued at about $45,000.
MFS MUNI INC TR Trading Up 0.2%
Shares of MFS MUNI INC TR stock traded up $0.01 during trading on Friday, reaching $5.15. The company's stock had a trading volume of 115,702 shares, compared to its average volume of 116,298. MFS MUNI INC TR has a one year low of $4.94 and a one year high of $5.78. The business's fifty day moving average price is $5.13 and its 200-day moving average price is $5.29.
MFS MUNI INC TR Cuts Dividend
The firm also recently declared a -- dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $0.024 dividend. This represents a yield of 5.1%. The ex-dividend date is Tuesday, June 17th.
MFS MUNI INC TR Profile
(
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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