Balanced Wealth Group LLC Invests $932,000 in Mfs Muni Inc Tr $MFM

Balanced Wealth Group LLC acquired a new stake in shares of Mfs Muni Inc Tr (NYSE:MFM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 181,741 shares of the closed-end fund’s stock, valued at approximately $932,000. Mfs Muni Inc Tr accounts for 0.4% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 27th largest holding. Balanced Wealth Group LLC owned approximately 0.37% of Mfs Muni Inc Tr as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in MFM. Invesco Ltd. increased its holdings in Mfs Muni Inc Tr by 33.7% during the 1st quarter. Invesco Ltd. now owns 319,810 shares of the closed-end fund’s stock worth $1,695,000 after purchasing an additional 80,543 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Mfs Muni Inc Tr by 11.8% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 587,872 shares of the closed-end fund’s stock valued at $3,116,000 after buying an additional 61,845 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Mfs Muni Inc Tr by 14.0% during the second quarter. Advisors Asset Management Inc. now owns 873,146 shares of the closed-end fund’s stock worth $4,514,000 after buying an additional 106,967 shares in the last quarter. Riverbridge Partners LLC raised 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 valued at $358,000 after buying an additional 2,677 shares during the last quarter. Finally, Bridgewater Advisors Inc. bought a new position in Mfs Muni Inc Tr during the 2nd quarter valued at $532,000.

Mfs Muni Inc Tr Price Performance

MFM opened at $5.34 on Friday. The company’s 50-day moving average is $5.38 and its 200 day moving average is $5.23. Mfs Muni Inc Tr has a fifty-two week low of $4.94 and a fifty-two week high of $5.72.

Mfs Muni Inc Tr Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Tuesday, November 18th were paid a dividend of $0.024 per share. The ex-dividend date was Tuesday, November 18th. This represents a c) annualized dividend and a dividend yield of 5.4%.

Mfs Muni Inc Tr 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.