Hennion & Walsh Asset Management Inc. Raises Holdings in MFS Municipal Income Trust (NYSE:MFM)

Hennion & Walsh Asset Management Inc. boosted its position in MFS Municipal Income Trust (NYSE:MFM) by 37.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 761,784 shares of the closed-end fund’s stock after purchasing an additional 205,904 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $4,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gridiron Partners LLC acquired a new stake in shares of MFS Municipal Income Trust in the fourth quarter valued at about $61,000. Atria Wealth Solutions Inc. purchased a new stake in MFS Municipal Income Trust during the 4th quarter valued at about $64,000. Weiss Asset Management LP acquired a new stake in MFS Municipal Income Trust in the 4th quarter valued at about $74,000. Foresight Capital Management Advisors Inc. purchased a new position in MFS Municipal Income Trust in the 4th quarter worth approximately $104,000. Finally, Nomura Holdings Inc. acquired a new position in shares of MFS Municipal Income Trust during the 4th quarter worth approximately $105,000.

MFS Municipal Income Trust Stock Performance

MFM stock opened at $5.46 on Friday. MFS Municipal Income Trust has a 1 year low of $4.37 and a 1 year high of $5.48. The business has a 50 day simple moving average of $5.23 and a 200-day simple moving average of $5.23.

MFS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were issued a $0.0205 dividend. This represents a $0.25 annualized dividend and a yield of 4.51%. The ex-dividend date was Tuesday, June 18th.

MFS Municipal Income Trust 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.