Mfs Muni Inc Tr (
NYSE:MFM -
Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.30 and traded as high as $5.45. Mfs Muni Inc Tr shares last traded at $5.43, with a volume of 91,600 shares trading hands.
Mfs Muni Inc Tr Trading Up 0.4%
The firm's 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.18.
Mfs Muni Inc Tr Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.024 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 5.3%.
Institutional Investors Weigh In On Mfs Muni Inc Tr
Several hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC boosted its stake in shares of Mfs Muni Inc Tr by 10.9% during the second quarter. Guggenheim Capital LLC now owns 967,358 shares of the closed-end fund's stock worth $5,001,000 after buying an additional 95,163 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Mfs Muni Inc Tr by 14.0% during the second quarter. Advisors Asset Management Inc. now owns 873,146 shares of the closed-end fund's stock worth $4,514,000 after buying an additional 106,967 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Mfs Muni Inc Tr by 19.3% during the first quarter. Envestnet Asset Management Inc. now owns 639,204 shares of the closed-end fund's stock worth $3,388,000 after buying an additional 103,401 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of Mfs Muni Inc Tr by 11.8% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 587,872 shares of the closed-end fund's stock worth $3,116,000 after buying an additional 61,845 shares during the period. Finally, Invesco Ltd. lifted its position in Mfs Muni Inc Tr by 32.4% in the second quarter. Invesco Ltd. now owns 423,411 shares of the closed-end fund's stock valued at $2,189,000 after purchasing an additional 103,601 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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