Janney Montgomery Scott LLC lifted its stake in shares of MFS MUNI INC TR (NYSE:MFM – Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 626,431 shares of the closed-end fund’s stock after buying an additional 52,816 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MFS MUNI INC TR were worth $3,320,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MFM. Noble Wealth Management PBC acquired a new stake in MFS MUNI INC TR in the fourth quarter valued at approximately $234,000. Raymond James Financial Inc. acquired a new stake in MFS MUNI INC TR during the 4th quarter valued at $997,000. Novus Advisors LLC purchased a new stake in MFS MUNI INC TR during the 4th quarter worth $116,000. Aviance Capital Partners LLC increased its stake in MFS MUNI INC TR by 19.4% during the 4th quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund’s stock worth $218,000 after buying an additional 6,595 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in MFS MUNI INC TR by 73.4% in the 4th quarter. HighTower Advisors LLC now owns 56,750 shares of the closed-end fund’s stock worth $304,000 after buying an additional 24,024 shares in the last quarter.
MFS MUNI INC TR Price Performance
NYSE:MFM opened at $5.15 on Wednesday. The firm has a 50-day moving average of $5.13 and a two-hundred day moving average of $5.30. MFS MUNI INC TR has a 1-year low of $4.94 and a 1-year high of $5.78.
MFS MUNI INC TR Cuts Dividend
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.
Read More
- Five stocks we like better than MFS MUNI INC TR
- Using the MarketBeat Dividend Tax Calculator
- 3 Hot Trades for Insiders, But Are They Good Buys for Investors?
- How to Invest in Blue Chip Stocks
- Why Qualcomm’s Latest Price Target Can’t Be Ignored
- Differences Between Momentum Investing and Long Term Investing
- Analyst Sees Meta Hitting $800: What May Lead Shares to New Highs
Want to see what other hedge funds are holding MFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS MUNI INC TR (NYSE:MFM – Free Report).
Receive News & Ratings for MFS MUNI INC TR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS MUNI INC TR and related companies with MarketBeat.com's FREE daily email newsletter.