Bank of America Corp DE increased its position in shares of MFS Municipal Income Trust (NYSE:MFM - Free Report) by 15.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,895,354 shares of the closed-end fund's stock after buying an additional 255,120 shares during the quarter. Bank of America Corp DE's holdings in MFS Municipal Income Trust were worth $10,140,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of MFS Municipal Income Trust by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund's stock worth $3,069,000 after acquiring an additional 36,785 shares during the last quarter. Choreo LLC boosted its stake in MFS Municipal Income Trust by 9.0% during the 4th quarter. Choreo LLC now owns 98,145 shares of the closed-end fund's stock worth $524,000 after purchasing an additional 8,079 shares during the period. Van ECK Associates Corp grew its position in MFS Municipal Income Trust by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund's stock worth $1,853,000 after purchasing an additional 15,058 shares during the last quarter. Amarillo National Bank acquired a new position in MFS Municipal Income Trust in the fourth quarter valued at $62,000. Finally, Noble Wealth Management PBC acquired a new position in MFS Municipal Income Trust in the fourth quarter valued at $234,000.
MFS Municipal Income Trust Price Performance
Shares of MFM traded up $0.07 during mid-day trading on Tuesday, hitting $5.15. 150,197 shares of the company's stock were exchanged, compared to its average volume of 109,258. MFS Municipal Income Trust has a fifty-two week low of $4.94 and a fifty-two week high of $5.78. The business's 50 day moving average is $5.17 and its two-hundred day moving average is $5.37.
MFS Municipal Income Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.022 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This is an increase from MFS Municipal Income Trust's previous monthly dividend of $0.02. This represents a $0.26 annualized dividend and a yield of 5.13%.
MFS Municipal Income Trust Company 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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