Baird Financial Group Inc. cut its stake in MFS Municipal Income Trust (NYSE:MFM – Get Rating) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,254 shares of the closed-end fund’s stock after selling 2,200 shares during the period. Baird Financial Group Inc. owned 0.05% of MFS Municipal Income Trust worth $121,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in MFS Municipal Income Trust in the second quarter worth $41,000. GPS Wealth Strategies Group LLC acquired a new position in shares of MFS Municipal Income Trust during the second quarter valued at $60,000. B. Riley Wealth Management Inc. acquired a new position in shares of MFS Municipal Income Trust during the first quarter valued at $68,000. Private Advisor Group LLC acquired a new position in shares of MFS Municipal Income Trust during the second quarter valued at $70,000. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of MFS Municipal Income Trust by 48.0% during the first quarter. Chicago Partners Investment Group LLC now owns 14,800 shares of the closed-end fund’s stock valued at $80,000 after purchasing an additional 4,800 shares during the period. 19.80% of the stock is owned by institutional investors and hedge funds.
MFS Municipal Income Trust Price Performance
Shares of MFM opened at $5.07 on Thursday. MFS Municipal Income Trust has a one year low of $4.66 and a one year high of $7.17. The stock’s fifty day moving average is $4.90 and its 200-day moving average is $5.34.
MFS Municipal Income Trust Cuts Dividend
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.
- Get a free copy of the StockNews.com research report on MFS Municipal Income Trust (MFM)
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for MFS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.