Raymond James & Associates grew its stake in MFS Municipal Income Trust (NYSE:MFM – Free Report) by 5.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 118,275 shares of the closed-end fund’s stock after acquiring an additional 5,982 shares during the period. Raymond James & Associates’ holdings in MFS Municipal Income Trust were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Landscape Capital Management L.L.C. raised its position in shares of MFS Municipal Income Trust by 44.2% in the third quarter. Landscape Capital Management L.L.C. now owns 18,278 shares of the closed-end fund’s stock valued at $83,000 after purchasing an additional 5,599 shares during the period. Foresight Capital Management Advisors Inc. bought a new position in shares of MFS Municipal Income Trust in the fourth quarter valued at about $104,000. Fort Point Capital Partners LLC increased its position in MFS Municipal Income Trust by 109.8% during the third quarter. Fort Point Capital Partners LLC now owns 24,908 shares of the closed-end fund’s stock worth $113,000 after acquiring an additional 13,037 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in MFS Municipal Income Trust by 31.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 28,081 shares of the closed-end fund’s stock worth $128,000 after acquiring an additional 6,641 shares during the period. Finally, Aviance Capital Partners LLC increased its position in MFS Municipal Income Trust by 22.0% during the third quarter. Aviance Capital Partners LLC now owns 33,336 shares of the closed-end fund’s stock worth $152,000 after acquiring an additional 6,009 shares during the period.
MFS Municipal Income Trust Stock Down 0.4 %
NYSE:MFM opened at $5.09 on Thursday. MFS Municipal Income Trust has a 52 week low of $4.37 and a 52 week high of $5.48. The firm’s 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.08.
MFS Municipal Income Trust Announces Dividend
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.
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