MFS Municipal Income Trust (NYSE:MFM) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 30.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 253,115 shares of the closed-end fund’s stock after selling 112,605 shares during the quarter. Private Advisor Group LLC’s holdings in MFS Municipal Income Trust were worth $1,354,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of MFS Municipal Income Trust by 3.9% during the third quarter. Janney Montgomery Scott LLC now owns 536,830 shares of the closed-end fund’s stock worth $3,071,000 after purchasing an additional 20,057 shares during the period. Wolverine Asset Management LLC lifted its stake in MFS Municipal Income Trust by 81.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock valued at $456,000 after acquiring an additional 35,662 shares during the period. Aviance Capital Partners LLC lifted its stake in MFS Municipal Income Trust by 6.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after acquiring an additional 1,945 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of MFS Municipal Income Trust by 14.8% in the 3rd quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock valued at $9,298,000 after acquiring an additional 209,439 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of MFS Municipal Income Trust by 16.5% in the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock worth $133,000 after acquiring an additional 3,282 shares during the period.

MFS Municipal Income Trust Stock Performance

NYSE MFM opened at $5.54 on Friday. MFS Municipal Income Trust has a 1 year low of $5.05 and a 1 year high of $5.78. The company has a fifty day moving average of $5.41 and a 200 day moving average of $5.55.

MFS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.26 annualized dividend and a dividend yield of 4.66%.

About MFS Municipal Income Trust

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.