MFS MUNI INC TR (NYSE:MFM) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of MFS MUNI INC TR (NYSE:MFM) 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

The firm also recently declared a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $0.024 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 17th.

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.