Invesco Ltd. raised its stake in MFS Municipal Income Trust (NYSE:MFM - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 239,267 shares of the closed-end fund's stock after buying an additional 110,536 shares during the quarter. Invesco Ltd.'s holdings in MFS Municipal Income Trust were worth $1,280,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Amarillo National Bank bought a new position in MFS Municipal Income Trust during the fourth quarter valued at about $62,000. Avantax Advisory Services Inc. acquired a new stake in MFS Municipal Income Trust in the 4th quarter worth approximately $69,000. Landscape Capital Management L.L.C. acquired a new position in MFS Municipal Income Trust during the fourth quarter valued at approximately $70,000. Novus Advisors LLC bought a new position in shares of MFS Municipal Income Trust in the fourth quarter valued at approximately $116,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in MFS Municipal Income Trust by 49.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund's stock worth $146,000 after acquiring an additional 9,000 shares during the period.
MFS Municipal Income Trust Stock Down 0.2 %
MFM stock traded down $0.01 during mid-day trading on Friday, reaching $5.20. 136,168 shares of the stock traded hands, compared to its average volume of 105,799. The business has a 50-day moving average of $5.27 and a two-hundred day moving average of $5.42. MFS Municipal Income Trust has a 52 week low of $4.94 and a 52 week high of $5.78.
MFS Municipal Income Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.26 dividend on an annualized basis and a yield of 5.08%. This is a positive change from MFS Municipal Income Trust's previous monthly dividend of $0.02.
About MFS Municipal Income Trust
(
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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