Pathstone Holdings LLC lifted its stake in MFS Municipal Income Trust (NYSE:MFM - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MFM. Amarillo National Bank purchased a new stake in shares of MFS Municipal Income Trust in the fourth quarter valued at about $62,000. Avantax Advisory Services Inc. purchased a new stake in MFS Municipal Income Trust during the 4th quarter valued at approximately $69,000. Landscape Capital Management L.L.C. acquired a new stake in MFS Municipal Income Trust during the 4th quarter worth approximately $70,000. Jane Street Group LLC purchased a new position in shares of MFS Municipal Income Trust in the 4th quarter valued at approximately $79,000. Finally, Citadel Advisors LLC acquired a new position in shares of MFS Municipal Income Trust in the fourth quarter valued at approximately $106,000.
MFS Municipal Income Trust Price Performance
Shares of MFS Municipal Income Trust stock traded down $0.06 during trading hours on Wednesday, hitting $5.09. 150,644 shares of the company were exchanged, compared to its average volume of 108,112. The business has a 50-day moving average of $5.20 and a 200-day moving average of $5.38. MFS Municipal Income Trust has a 1 year low of $4.94 and a 1 year high of $5.78.
MFS Municipal Income Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Tuesday, May 13th. 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.
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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