Mfs Muni Inc Tr (NYSE:MFM) Stock Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Shares of Mfs Muni Inc Tr recently crossed above its 50‑day moving average ($5.41), trading as high as $5.45 and last at $5.44 on a volume of 175,296 shares; the 200‑day moving average is $5.42.
• The trust announced a monthly dividend of $0.024 (ex‑dividend and record date May 19, payable May 29), implying an annualized yield of about 5.3%.
• MFS Municipal Income Trust is a closed‑end fund that allocates at least 80% of assets to investment‑grade municipal debt and has attracted several small institutional new positions in recent quarters.

Shares of Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.41 and traded as high as $5.45. Mfs Muni Inc Tr shares last traded at $5.44, with a volume of 175,296 shares trading hands.

Mfs Muni Inc Tr Stock Up 1.1%

The firm's 50 day moving average is $5.41 and its two-hundred day moving average is $5.42.

Mfs Muni Inc Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.024 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a c) annualized dividend and a yield of 5.3%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC acquired a new position in Mfs Muni Inc Tr in the 4th quarter valued at about $37,000. Beaumont Financial Advisors LLC acquired a new position in Mfs Muni Inc Tr in the 4th quarter valued at about $61,000. Balyasny Asset Management L.P. acquired a new position in shares of Mfs Muni Inc Tr during the 4th quarter valued at about $61,000. Colonial Trust Advisors acquired a new position in shares of Mfs Muni Inc Tr during the 3rd quarter valued at about $62,000. Finally, Activest Wealth Management acquired a new position in shares of Mfs Muni Inc Tr during the 3rd quarter valued at about $80,000.

About Mfs Muni Inc Tr

MFS Municipal Income Trust NYSE: MFM is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust's total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.

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