Pathstone Holdings LLC boosted its stake in shares of MFS Municipal Income Trust (NYSE:MFM - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,827,038 shares of the closed-end fund's stock after purchasing an additional 201,691 shares during the period. Pathstone Holdings LLC's holdings in MFS Municipal Income Trust were worth $9,790,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of MFS Municipal Income Trust by 12.8% in the fourth quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund's stock valued at $120,000 after acquiring an additional 2,536 shares in the last quarter. Logan Stone Capital LLC raised its stake in MFS Municipal Income Trust by 1.3% during the fourth 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 period. Ameriprise Financial Inc. lifted its holdings in MFS Municipal Income Trust by 10.3% in the fourth quarter. Ameriprise Financial Inc. now owns 65,114 shares of the closed-end fund's stock valued at $348,000 after acquiring an additional 6,097 shares during the last quarter. Aviance Capital Partners LLC raised its position in MFS Municipal Income Trust by 19.4% in the fourth quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund's stock valued at $218,000 after purchasing an additional 6,595 shares during the period. Finally, Choreo LLC lifted its stake in shares of MFS Municipal Income Trust by 9.0% in the 4th quarter. Choreo LLC now owns 98,145 shares of the closed-end fund's stock valued at $524,000 after purchasing an additional 8,079 shares during the last quarter.
MFS Municipal Income Trust Price Performance
MFM stock remained flat at $5.09 during mid-day trading on Thursday. 52,797 shares of the company's stock traded hands, compared to its average volume of 108,105. The firm's 50-day simple moving average is $5.19 and its two-hundred day simple moving average is $5.38. MFS Municipal Income Trust has a one year low of $4.94 and a one year high of $5.78.
MFS Municipal Income Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.19%. This is an increase from MFS Municipal Income Trust's previous monthly dividend of $0.02. The ex-dividend date is Tuesday, May 13th.
About MFS Municipal Income Trust
(
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.
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