MFS Municipal Income Trust (NYSE:MFM) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its stake in MFS Municipal Income Trust (NYSE:MFMGet 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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.0185 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Tuesday, November 15th.

MFS Municipal Income Trust Company Profile

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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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Institutional Ownership by Quarter for MFS Municipal Income Trust (NYSE:MFM)

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