MFS MUNI INC TR (NYSE:MFM - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.32 and traded as low as $5.12. MFS MUNI INC TR shares last traded at $5.18, with a volume of 175,872 shares traded.
MFS MUNI INC TR Stock Up 0.4%
The firm has a fifty day moving average price of $5.12 and a 200 day moving average price of $5.31.
MFS MUNI INC TR Cuts Dividend
The firm also recently announced a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $0.024 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 17th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its holdings in shares of MFS MUNI INC TR by 12.8% in the 4th quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund's stock worth $120,000 after acquiring an additional 2,536 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in MFS MUNI INC TR by 21.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund's stock worth $85,000 after purchasing an additional 2,869 shares during the last quarter. Aviance Capital Partners LLC raised its position in MFS MUNI INC TR by 7.7% in 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 during the last quarter. Chicago Partners Investment Group LLC raised its position in MFS MUNI INC TR by 24.5% in 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 during the last quarter. Finally, Logan Stone Capital LLC raised its position in MFS MUNI INC TR by 1.3% in 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 during the last quarter.
About MFS MUNI INC TR
(
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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.
See Also
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