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 trading hands.
MFS MUNI INC TR Price Performance
The stock has a 50 day moving average of $5.12 and a 200 day moving average of $5.31.
MFS MUNI INC TR Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.024 per share. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 5.1%.
Hedge Funds Weigh In On MFS MUNI INC TR
Large investors have recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in MFS MUNI INC TR during the fourth quarter valued at approximately $234,000. Raymond James Financial Inc. purchased a new stake in shares of MFS MUNI INC TR in the 4th quarter valued at $997,000. Novus Advisors LLC bought a new position in shares of MFS MUNI INC TR during the 4th quarter valued at $116,000. Aviance Capital Partners LLC raised its position in MFS MUNI INC TR by 19.4% in the 4th quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund's stock worth $218,000 after purchasing an additional 6,595 shares during the period. Finally, HighTower Advisors LLC raised its position in MFS MUNI INC TR by 73.4% in the 4th quarter. HighTower Advisors LLC now owns 56,750 shares of the closed-end fund's stock worth $304,000 after purchasing an additional 24,024 shares during the period.
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.
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