Closed End Fund Advisors Inc. Acquires Shares of 265,652 Mfs Muni Inc Tr $MFM

Closed End Fund Advisors Inc. acquired a new stake in Mfs Muni Inc Tr (NYSE:MFM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 265,652 shares of the closed-end fund’s stock, valued at approximately $1,442,000. Closed End Fund Advisors Inc. owned approximately 0.54% of Mfs Muni Inc Tr at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its holdings in shares of Mfs Muni Inc Tr by 46.1% in the 3rd quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock worth $21,263,000 after acquiring an additional 1,245,143 shares during the period. UBS Group AG increased its stake in Mfs Muni Inc Tr by 2.2% in the 4th quarter. UBS Group AG now owns 1,165,389 shares of the closed-end fund’s stock valued at $6,328,000 after purchasing an additional 24,937 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Mfs Muni Inc Tr by 1.4% during the third quarter. Advisors Asset Management Inc. now owns 885,553 shares of the closed-end fund’s stock worth $4,773,000 after purchasing an additional 12,407 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Mfs Muni Inc Tr by 29.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 675,044 shares of the closed-end fund’s stock worth $3,665,000 after purchasing an additional 155,576 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Mfs Muni Inc Tr by 32.4% during the second quarter. Invesco Ltd. now owns 423,411 shares of the closed-end fund’s stock worth $2,189,000 after purchasing an additional 103,601 shares in the last quarter.

Mfs Muni Inc Tr Price Performance

Mfs Muni Inc Tr stock opened at $5.38 on Friday. Mfs Muni Inc Tr has a fifty-two week low of $5.03 and a fifty-two week high of $5.67. The stock’s fifty day moving average is $5.39 and its two-hundred day moving average is $5.42.

Mfs Muni Inc Tr Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a $0.024 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, May 19th.

Mfs Muni Inc Tr Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.