Choreo LLC Purchases 8,079 Shares of MFS Municipal Income Trust (NYSE:MFM)

Choreo LLC increased its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,145 shares of the closed-end fund’s stock after acquiring an additional 8,079 shares during the period. Choreo LLC’s holdings in MFS Municipal Income Trust were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Pathstone Holdings LLC raised its holdings in shares of MFS Municipal Income Trust by 14.8% during the 3rd quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock worth $9,298,000 after buying an additional 209,439 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in MFS Municipal Income Trust by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock worth $3,069,000 after acquiring an additional 36,785 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of MFS Municipal Income Trust by 7.2% in the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock worth $720,000 after acquiring an additional 8,993 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of MFS Municipal Income Trust by 11.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 106,584 shares of the closed-end fund’s stock valued at $610,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of MFS Municipal Income Trust by 81.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock valued at $456,000 after purchasing an additional 35,662 shares in the last quarter.

MFS Municipal Income Trust Trading Down 0.2 %

MFM stock opened at $5.49 on Wednesday. The company has a 50 day simple moving average of $5.44 and a 200 day simple moving average of $5.55. MFS Municipal Income Trust has a 1 year low of $5.05 and a 1 year high of $5.78.

MFS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.26 annualized dividend and a dividend yield of 4.70%.

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.