MFS Municipal Income Trust (NYSE:MFM) Stock Position Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in MFS Municipal Income Trust (NYSE:MFM) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 722,003 shares of the closed-end fund’s stock after selling 194,139 shares during the quarter. Advisors Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $4,130,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its holdings in shares of MFS Municipal Income Trust by 19.4% during the second quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock worth $84,000 after acquiring an additional 2,501 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in MFS Municipal Income Trust in the 2nd quarter worth about $104,000. Avior Wealth Management LLC lifted its holdings in shares of MFS Municipal Income Trust by 16.5% during the 3rd quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock valued at $133,000 after buying an additional 3,282 shares during the last quarter. Aviance Capital Partners LLC grew its stake in shares of MFS Municipal Income Trust by 6.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after buying an additional 1,945 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in MFS Municipal Income Trust by 78.0% in the second quarter. Wolverine Asset Management LLC now owns 43,996 shares of the closed-end fund’s stock worth $240,000 after buying an additional 19,278 shares during the last quarter.

MFS Municipal Income Trust Trading Up 0.2 %

NYSE MFM opened at $5.54 on Friday. MFS Municipal Income Trust has a 12-month low of $4.91 and a 12-month high of $5.78. The company has a 50 day moving average price of $5.63 and a two-hundred day moving average price of $5.48.

MFS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be paid a $0.0215 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Tuesday, November 12th.

About MFS Municipal Income Trust

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.