MFS Municipal Income Trust (NYSE:MFM) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its stake in MFS Municipal Income Trust (NYSE:MFM) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,815 shares of the closed-end fund’s stock after purchasing an additional 19,366 shares during the period. LPL Financial LLC’s holdings in MFS Municipal Income Trust were worth $1,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MFM. Amarillo National Bank acquired a new stake in MFS Municipal Income Trust during the 4th quarter valued at approximately $62,000. Avantax Advisory Services Inc. acquired a new position in MFS Municipal Income Trust during the fourth quarter valued at $69,000. Novus Advisors LLC purchased a new stake in MFS Municipal Income Trust in the fourth quarter valued at $116,000. Wealthcare Advisory Partners LLC boosted its holdings in MFS Municipal Income Trust by 49.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock valued at $146,000 after purchasing an additional 9,000 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of MFS Municipal Income Trust by 66.2% during the 3rd 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 during the last quarter.

MFS Municipal Income Trust Price Performance

Shares of MFM stock opened at $5.03 on Friday. MFS Municipal Income Trust has a 52-week low of $4.94 and a 52-week high of $5.78. The business has a 50-day simple moving average of $5.35 and a 200-day simple moving average of $5.45.

MFS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.26 annualized dividend and a yield of 5.13%.

About MFS Municipal Income Trust

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.