Thomas J. Herzfeld Advisors Inc. Lowers Stock Holdings in MFS Municipal Income Trust (NYSE:MFM)

Thomas J. Herzfeld Advisors Inc. lessened its holdings in MFS Municipal Income Trust (NYSE:MFM) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 526,027 shares of the closed-end fund’s stock after selling 21,575 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in MFS Municipal Income Trust were worth $2,814,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MFM. MML Investors Services LLC boosted its stake in shares of MFS Municipal Income Trust by 5.9% in the third quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock worth $225,000 after acquiring an additional 2,206 shares during the period. Aviance Capital Partners LLC lifted its holdings in MFS Municipal Income Trust by 19.4% in the 4th quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund’s stock worth $218,000 after purchasing an additional 6,595 shares in the last quarter. Choreo LLC boosted its stake in 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 worth $524,000 after purchasing an additional 8,079 shares during the period. Park Avenue Securities LLC grew its holdings in MFS Municipal Income Trust by 7.2% during the 4th quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock valued at $720,000 after buying an additional 8,993 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in MFS Municipal Income Trust by 49.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock valued at $146,000 after buying an additional 9,000 shares in the last quarter.

MFS Municipal Income Trust Price Performance

MFM stock opened at $5.31 on Tuesday. The company’s fifty day moving average price is $5.44 and its 200-day moving average price is $5.52. MFS Municipal Income Trust has a one year low of $5.05 and a one year high of $5.78.

MFS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Tuesday, March 18th.

MFS Municipal Income Trust Company 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.