Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.13 and traded as low as $5.13. Mfs Muni Inc Tr shares last traded at $5.14, with a volume of 121,778 shares.
Mfs Muni Inc Tr Stock Performance
The firm's 50-day simple moving average is $5.13 and its two-hundred day simple moving average is $5.23.
Mfs Muni Inc Tr Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.024 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, August 19th.
Hedge Funds Weigh In On Mfs Muni Inc Tr
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in Mfs Muni Inc Tr in the 1st quarter worth approximately $45,000. Waverly Advisors LLC purchased a new stake in Mfs Muni Inc Tr in the 4th quarter worth approximately $54,000. Jane Street Group LLC purchased a new stake in Mfs Muni Inc Tr in the 4th quarter worth approximately $79,000. Landscape Capital Management L.L.C. lifted 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 buying an additional 2,869 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Mfs Muni Inc Tr in the 4th quarter worth approximately $106,000.
About Mfs Muni Inc Tr
(
Get 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.
Further Reading
Before you consider Mfs Muni Inc Tr, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mfs Muni Inc Tr wasn't on the list.
While Mfs Muni Inc Tr currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access