Riverbridge Partners LLC Acquires 2,677 Shares of MFS MUNI INC TR $MFM

Riverbridge Partners LLC lifted its holdings in shares of MFS MUNI INC TR (NYSE:MFM) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,259 shares of the closed-end fund’s stock after acquiring an additional 2,677 shares during the period. Riverbridge Partners LLC owned approximately 0.14% of MFS MUNI INC TR worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of MFS MUNI INC TR by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund’s stock valued at $120,000 after acquiring an additional 2,536 shares during the period. Landscape Capital Management L.L.C. lifted its stake in MFS MUNI INC TR by 21.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 2,869 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in MFS MUNI INC TR by 7.7% in the 1st quarter. Aviance Capital Partners LLC now owns 43,809 shares of the closed-end fund’s stock worth $232,000 after purchasing an additional 3,145 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in MFS MUNI INC TR by 24.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 26,378 shares of the closed-end fund’s stock worth $137,000 after purchasing an additional 5,188 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in MFS MUNI INC TR by 34.8% in the 1st quarter. Wolverine Asset Management LLC now owns 21,250 shares of the closed-end fund’s stock worth $113,000 after purchasing an additional 5,483 shares in the last quarter.

MFS MUNI INC TR Stock Performance

NYSE MFM opened at $5.32 on Friday. The company’s 50 day simple moving average is $5.18 and its two-hundred day simple moving average is $5.18. MFS MUNI INC TR has a 1 year low of $4.94 and a 1 year high of $5.77.

MFS MUNI INC TR Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.024 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 5.4%.

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.