Mfs Muni Inc Tr (NYSE:MFM) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Mfs Muni Inc Tr (NYSE:MFM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.32 and traded as low as $5.12. Mfs Muni Inc Tr shares last traded at $5.18, with a volume of 175,872 shares trading hands.

Mfs Muni Inc Tr Stock Up 0.1%

The stock’s 50 day moving average price is $5.12 and its 200 day moving average price is $5.32.

Mfs Muni Inc Tr Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $0.024 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 17th.

Hedge Funds Weigh In On Mfs Muni Inc Tr

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in shares of Mfs Muni Inc Tr in the 1st quarter valued at $45,000. Waverly Advisors LLC acquired a new stake in Mfs Muni Inc Tr during the 4th quarter valued at $54,000. Avantax Advisory Services Inc. purchased a new stake in Mfs Muni Inc Tr during the 4th quarter worth $69,000. Landscape Capital Management L.L.C. acquired a new position in Mfs Muni Inc Tr in the 4th quarter worth $70,000. Finally, Jane Street Group LLC purchased a new position in Mfs Muni Inc Tr in the 4th quarter valued at about $79,000.

About Mfs Muni Inc Tr

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.