MFS Municipal Income Trust (NYSE:MFM) Stock Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in MFS Municipal Income Trust (NYSE:MFM) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,341 shares of the closed-end fund’s stock after buying an additional 2,536 shares during the period. Cetera Investment Advisers’ holdings in MFS Municipal Income Trust were worth $120,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in MFS Municipal Income Trust by 15.6% during the 4th quarter. Bank of America Corp DE now owns 1,895,354 shares of the closed-end fund’s stock valued at $10,140,000 after purchasing an additional 255,120 shares during the period. Van ECK Associates Corp grew its position in MFS Municipal Income Trust by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock valued at $1,853,000 after purchasing an additional 15,058 shares in the last quarter. Choreo LLC grew its position in MFS Municipal Income Trust by 9.0% during the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock valued at $524,000 after purchasing an additional 8,079 shares in the last quarter. Invesco Ltd. grew its position in MFS Municipal Income Trust by 85.9% during the fourth quarter. Invesco Ltd. now owns 239,267 shares of the closed-end fund’s stock valued at $1,280,000 after purchasing an additional 110,536 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in MFS Municipal Income Trust during the fourth quarter valued at approximately $69,000.

MFS Municipal Income Trust Stock Down 0.6%

Shares of MFM opened at $5.09 on Tuesday. MFS Municipal Income Trust has a 52 week low of $4.94 and a 52 week high of $5.78. The company’s 50 day moving average price is $5.15 and its 200 day moving average price is $5.35.

MFS Municipal Income Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th were paid a $0.022 dividend. The ex-dividend date was Tuesday, May 13th. This is an increase from MFS Municipal Income Trust’s previous monthly dividend of $0.02. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.19%.

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.