MFS Municipal Income Trust (NYSE:MFM) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in MFS Municipal Income Trust (NYSE:MFM) by 16.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 890,663 shares of the closed-end fund’s stock after acquiring an additional 128,879 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $4,863,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MFM. Raymond James & Associates increased its stake in shares of MFS Municipal Income Trust by 5.3% during the fourth quarter. Raymond James & Associates now owns 118,275 shares of the closed-end fund’s stock worth $611,000 after buying an additional 5,982 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in MFS Municipal Income Trust by 9.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,652 shares of the closed-end fund’s stock valued at $158,000 after acquiring an additional 2,571 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in MFS Municipal Income Trust in the fourth quarter valued at $64,000. Van ECK Associates Corp increased its position in shares of MFS Municipal Income Trust by 11.9% in the fourth quarter. Van ECK Associates Corp now owns 307,338 shares of the closed-end fund’s stock valued at $1,589,000 after buying an additional 32,633 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of MFS Municipal Income Trust in the fourth quarter valued at $892,000.

MFS Municipal Income Trust Price Performance

MFM remained flat at $5.57 during midday trading on Monday. The company’s stock had a trading volume of 61,148 shares, compared to its average volume of 91,327. MFS Municipal Income Trust has a 52 week low of $4.37 and a 52 week high of $5.60. The firm has a 50-day simple moving average of $5.39 and a 200-day simple moving average of $5.29.

MFS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 13th will be issued a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.63%.

MFS Municipal Income Trust 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.