Mfs Muni Inc Tr $MFM Stake Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Mfs Muni Inc Tr (NYSE:MFM) by 14.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 873,146 shares of the closed-end fund’s stock after buying an additional 106,967 shares during the quarter. Advisors Asset Management Inc. owned approximately 1.78% of Mfs Muni Inc Tr worth $4,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MFM. Invesco Ltd. increased its holdings in shares of Mfs Muni Inc Tr by 33.7% in the 1st quarter. Invesco Ltd. now owns 319,810 shares of the closed-end fund’s stock worth $1,695,000 after acquiring an additional 80,543 shares during the period. Thomas J. Herzfeld Advisors Inc. grew its position 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 last quarter. Riverbridge Partners LLC grew its position 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 last quarter. Bridgewater Advisors Inc. acquired a new stake in shares of Mfs Muni Inc Tr in the second quarter valued at approximately $532,000. Finally, Catalina Capital Group LLC bought a new stake in shares of Mfs Muni Inc Tr during the second quarter valued at approximately $206,000.

Mfs Muni Inc Tr Trading Up 0.2%

Shares of NYSE MFM opened at $5.34 on Friday. Mfs Muni Inc Tr has a 12-month low of $4.94 and a 12-month high of $5.72. The stock has a 50 day simple moving average of $5.38 and a 200-day simple moving average of $5.23.

Mfs Muni Inc Tr Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.024 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, November 18th.

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.