1 week Ago By Defense World Staff
Envestnet Asset Management Inc. cut its stake in MFS Municipal Income Trust (NYSE:MFM – Free Report) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 535,803 shares of the closed-end fund’s stock after selling 80,139 shares during the quarter. Envestnet Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $2,867,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in MFS Municipal Income Trust by 21.
2% during the 4th quarter. Advisors Asset Management Inc. now owns 875,266 shares of the closed-end fund’s stock valued at $4,683,000 after acquiring an additional 153,263 shares during the period.
Janney Montgomery Scott LLC lifted its position in shares of MFS Municipal Income Trust by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock worth $3,069,000 after purchasing an additional 36,785 shares during the last quarter.
Van ECK Associates Corp boosted its stake in shares of MFS Municipal Income Trust by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock valued at $1,853,000 after purchasing an additional 15,058 shares during the period.
LPL Financial LLC grew its holdings in shares of MFS Municipal Income Trust by 9.5% in the fourth quarter. LPL Financial LLC now owns 222,815 shares of the closed-end fund’s stock worth $1,192,000 after purchasing an additional 19,366 shares during the last quarter.
Finally, Raymond James Financial Inc. purchased a new position in MFS Municipal Income Trust in the 4th quarter worth about $997,000. MFS Municipal Income Trust Price PerformanceMFS Municipal Income Trust stock opened at $5.
11 on Friday. The firm has a 50-day moving average of $5.30 and a two-hundred day moving average of $5.
43. MFS Municipal Income Trust has a 1 year low of $4.94 and a 1 year high of $5.
78. MFS Municipal Income Trust Dividend AnnouncementThe company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.
0215 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.
26 dividend on an annualized basis and a dividend yield of 5.05%. MFS Municipal Income Trust Company Profile (Free Report)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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