MFS MUNI INC TR $MFM Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in MFS MUNI INC TR (NYSE:MFM) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 603,667 shares of the closed-end fund’s stock after selling 22,764 shares during the quarter. Janney Montgomery Scott LLC owned 1.23% of MFS MUNI INC TR worth $3,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Riverbridge Partners LLC raised its holdings in MFS MUNI INC TR by 4.0% in the 2nd quarter. Riverbridge Partners LLC now owns 69,259 shares of the closed-end fund’s stock worth $358,000 after purchasing an additional 2,677 shares during the period. NewEdge Advisors LLC raised its holdings in MFS MUNI INC TR by 35.3% in the 1st quarter. NewEdge Advisors LLC now owns 77,049 shares of the closed-end fund’s stock worth $408,000 after purchasing an additional 20,118 shares during the period. Royal Bank of Canada raised its holdings in MFS MUNI INC TR by 21.5% in the 1st quarter. Royal Bank of Canada now owns 55,989 shares of the closed-end fund’s stock worth $297,000 after purchasing an additional 9,900 shares during the period. Landscape Capital Management L.L.C. raised its holdings 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 during the period. Finally, Thomas J. Herzfeld Advisors Inc. raised its holdings in MFS MUNI INC TR by 11.8% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 587,872 shares of the closed-end fund’s stock worth $3,116,000 after purchasing an additional 61,845 shares during the period.

MFS MUNI INC TR Stock Up 1.2%

NYSE MFM opened at $5.41 on Thursday. MFS MUNI INC TR has a twelve month low of $4.94 and a twelve month high of $5.74. The stock has a 50-day moving average of $5.23 and a 200 day moving average of $5.17.

MFS MUNI INC TR Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be issued a $0.024 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

MFS MUNI INC TR 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.