Raymond James Financial Services Advisors Inc. Increases Stock Holdings in MFS Municipal Income Trust (NYSE:MFM)

Raymond James Financial Services Advisors Inc. boosted its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,652 shares of the closed-end fund’s stock after acquiring an additional 2,571 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in MFS Municipal Income Trust were worth $158,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MFM. Advisor Partners II LLC bought a new position in MFS Municipal Income Trust in the 3rd quarter valued at $1,615,000. Hennion & Walsh Asset Management Inc. bought a new stake in MFS Municipal Income Trust during the third quarter valued at $1,048,000. Advisors Asset Management Inc. grew its position in MFS Municipal Income Trust by 11.9% during the third quarter. Advisors Asset Management Inc. now owns 844,822 shares of the closed-end fund’s stock worth $3,844,000 after buying an additional 89,838 shares in the last quarter. Almitas Capital LLC bought a new position in MFS Municipal Income Trust in the 3rd quarter worth about $257,000. Finally, UBS Group AG raised its holdings in shares of MFS Municipal Income Trust by 8.1% in the 3rd quarter. UBS Group AG now owns 706,740 shares of the closed-end fund’s stock valued at $3,216,000 after acquiring an additional 53,138 shares in the last quarter.

MFS Municipal Income Trust Trading Down 0.5 %

Shares of MFM opened at $5.07 on Friday. MFS Municipal Income Trust has a 12-month low of $4.37 and a 12-month high of $5.48. The stock has a 50-day moving average price of $5.25 and a 200-day moving average price of $5.08.

MFS Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be given a dividend of $0.0205 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.25 annualized dividend and a yield of 4.86%.

MFS Municipal Income Trust Profile

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.