Robinson Capital Management LLC Purchases 18,795 Shares of MFS Municipal Income Trust (NYSE:MFM)

Robinson Capital Management LLC increased its position in MFS Municipal Income Trust (NYSE:MFM) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 307,521 shares of the closed-end fund’s stock after acquiring an additional 18,795 shares during the period. Robinson Capital Management LLC owned about 0.75% of MFS Municipal Income Trust worth $2,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MFM. Morgan Stanley grew its holdings in shares of MFS Municipal Income Trust by 46.4% in the second quarter. Morgan Stanley now owns 133,012 shares of the closed-end fund’s stock worth $928,000 after acquiring an additional 42,130 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of MFS Municipal Income Trust by 13.9% in the third quarter. Envestnet Asset Management Inc. now owns 47,518 shares of the closed-end fund’s stock worth $335,000 after acquiring an additional 5,813 shares during the period. Park Avenue Securities LLC bought a new stake in shares of MFS Municipal Income Trust in the third quarter worth $334,000. Raymond James Trust N.A. bought a new stake in shares of MFS Municipal Income Trust in the third quarter worth $98,000. Finally, Capital Investment Advisors LLC grew its holdings in shares of MFS Municipal Income Trust by 13.4% in the third quarter. Capital Investment Advisors LLC now owns 97,250 shares of the closed-end fund’s stock worth $685,000 after acquiring an additional 11,500 shares during the period. 12.84% of the stock is owned by institutional investors.

NYSE:MFM traded up $0.04 during mid-day trading on Friday, hitting $7.45. 29,111 shares of the company traded hands, compared to its average volume of 63,139. The stock’s fifty day moving average price is $7.18 and its 200-day moving average price is $7.08. MFS Municipal Income Trust has a one year low of $6.66 and a one year high of $7.45.

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.0265 per share. This represents a $0.32 annualized dividend and a yield of 4.27%. The ex-dividend date is Tuesday, February 18th.

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.

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Institutional Ownership by Quarter for MFS Municipal Income Trust (NYSE:MFM)

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