MFS MUNI INC TR (NYSE:MFM) Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC lifted its stake in shares of MFS MUNI INC TR (NYSE:MFM) by 10.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,582 shares of the closed-end fund’s stock after acquiring an additional 6,329 shares during the quarter. Riverbridge Partners LLC’s holdings in MFS MUNI INC TR were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of MFS MUNI INC TR by 9.2% during the first quarter. Janney Montgomery Scott LLC now owns 626,431 shares of the closed-end fund’s stock worth $3,320,000 after acquiring an additional 52,816 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of MFS MUNI INC TR during the first quarter worth $45,000. Waverly Advisors LLC purchased a new stake in shares of MFS MUNI INC TR during the fourth quarter worth $54,000. Pathstone Holdings LLC increased its position in shares of MFS MUNI INC TR by 12.4% during the fourth quarter. Pathstone Holdings LLC now owns 1,827,038 shares of the closed-end fund’s stock worth $9,790,000 after acquiring an additional 201,691 shares during the period. Finally, Nomura Holdings Inc. increased its position in shares of MFS MUNI INC TR by 57.8% during the fourth quarter. Nomura Holdings Inc. now owns 25,000 shares of the closed-end fund’s stock worth $134,000 after acquiring an additional 9,156 shares during the period.

MFS MUNI INC TR Stock Up 0.4%

MFS MUNI INC TR stock opened at $5.17 on Friday. MFS MUNI INC TR has a twelve month low of $4.94 and a twelve month high of $5.78. The stock’s fifty day simple moving average is $5.12 and its 200-day simple moving average is $5.31.

MFS MUNI INC TR Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.024 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 17th.

MFS MUNI INC TR Company 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.