Balanced Wealth Group LLC Acquires New Shares in Mfs Muni Inc Tr $MFM

Balanced Wealth Group LLC bought a new stake in Mfs Muni Inc Tr (NYSE:MFM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 190,172 shares of the closed-end fund’s stock, valued at approximately $1,021,000. Balanced Wealth Group LLC owned approximately 0.39% of Mfs Muni Inc Tr at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Baird Financial Group Inc. raised its stake in shares of Mfs Muni Inc Tr by 14.5% during the 2nd quarter. Baird Financial Group Inc. now owns 23,676 shares of the closed-end fund’s stock worth $122,000 after purchasing an additional 3,000 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Mfs Muni Inc Tr by 6.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 136,422 shares of the closed-end fund’s stock valued at $705,000 after buying an additional 8,237 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Mfs Muni Inc Tr by 4.4% in the second quarter. Raymond James Financial Inc. now owns 197,612 shares of the closed-end fund’s stock worth $1,022,000 after buying an additional 8,319 shares during the last quarter. Royal Bank of Canada increased its holdings in Mfs Muni Inc Tr by 21.5% in the first quarter. Royal Bank of Canada now owns 55,989 shares of the closed-end fund’s stock worth $297,000 after buying an additional 9,900 shares during the last quarter. Finally, NWF Advisory Services Inc. bought a new position in Mfs Muni Inc Tr during the second quarter valued at approximately $52,000.

Mfs Muni Inc Tr Trading Down 0.7%

NYSE MFM opened at $5.26 on Friday. The company has a 50 day moving average price of $5.47 and a two-hundred day moving average price of $5.41. Mfs Muni Inc Tr has a 12-month low of $4.94 and a 12-month high of $5.67.

Mfs Muni Inc Tr Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.024 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.