MFS Municipal Income Trust (NYSE:MFM) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in MFS Municipal Income Trust (NYSE:MFM) by 11.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 307,338 shares of the closed-end fund’s stock after buying an additional 32,633 shares during the quarter. Van ECK Associates Corp’s holdings in MFS Municipal Income Trust were worth $1,589,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Atria Wealth Solutions Inc. acquired a new stake in shares of MFS Municipal Income Trust in the fourth quarter valued at about $64,000. Tyche Wealth Partners LLC acquired a new stake in shares of MFS Municipal Income Trust during the 4th quarter valued at approximately $495,000. Drive Wealth Management LLC grew its holdings in shares of MFS Municipal Income Trust by 16.1% in the 4th quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock worth $112,000 after acquiring an additional 3,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in MFS Municipal Income Trust by 9.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,652 shares of the closed-end fund’s stock valued at $158,000 after purchasing an additional 2,571 shares in the last quarter. Finally, Raymond James & Associates increased its stake in MFS Municipal Income Trust by 5.3% in the 4th quarter. Raymond James & Associates now owns 118,275 shares of the closed-end fund’s stock valued at $611,000 after purchasing an additional 5,982 shares in the last quarter.

MFS Municipal Income Trust Stock Performance

Shares of MFM stock opened at $5.29 on Friday. MFS Municipal Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $5.48. The business has a fifty day simple moving average of $5.23 and a 200-day simple moving average of $5.12.

MFS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.0205 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.25 dividend on an annualized basis and a yield of 4.65%.

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.