MFS Municipal Income Trust (NYSE:MFM) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC raised its holdings in shares of MFS Municipal Income Trust (NYSE:MFM) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,303 shares of the closed-end fund’s stock after purchasing an additional 2,206 shares during the quarter. MML Investors Services LLC’s holdings in MFS Municipal Income Trust were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC increased its position in shares of MFS Municipal Income Trust by 19.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock worth $84,000 after purchasing an additional 2,501 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in MFS Municipal Income Trust in the second quarter valued at about $104,000. Avior Wealth Management LLC increased its holdings in MFS Municipal Income Trust by 16.5% in the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock valued at $133,000 after buying an additional 3,282 shares during the last quarter. HighTower Advisors LLC raised its stake in MFS Municipal Income Trust by 66.2% during the third quarter. HighTower Advisors LLC now owns 32,726 shares of the closed-end fund’s stock valued at $183,000 after buying an additional 13,030 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in MFS Municipal Income Trust by 6.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock worth $195,000 after buying an additional 1,945 shares during the last quarter.

MFS Municipal Income Trust Trading Up 1.7 %

Shares of NYSE MFM opened at $5.41 on Friday. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78. The business has a 50 day simple moving average of $5.56 and a 200-day simple moving average of $5.53.

MFS Municipal Income Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0215 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

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.