Balanced Wealth Group LLC Has $241,000 Stock Holdings in MFS Municipal Income Trust (NYSE:MFM)

Balanced Wealth Group LLC lowered its stake in MFS Municipal Income Trust (NYSE:MFM) by 32.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,267 shares of the closed-end fund’s stock after selling 22,044 shares during the quarter. Balanced Wealth Group LLC’s holdings in MFS Municipal Income Trust were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC raised its stake in shares of MFS Municipal Income Trust by 19.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock worth $84,000 after purchasing an additional 2,501 shares in the last quarter. Choreo LLC lifted its holdings in MFS Municipal Income Trust by 5.0% in the 2nd quarter. Choreo LLC now owns 85,486 shares of the closed-end fund’s stock worth $456,000 after purchasing an additional 4,078 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC boosted its position in MFS Municipal Income Trust by 2.3% during the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 218,234 shares of the closed-end fund’s stock worth $1,172,000 after purchasing an additional 4,885 shares during the period. Chicago Partners Investment Group LLC grew its holdings in MFS Municipal Income Trust by 26.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 25,237 shares of the closed-end fund’s stock valued at $130,000 after purchasing an additional 5,216 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of MFS Municipal Income Trust by 3.6% in the second quarter. Van ECK Associates Corp now owns 338,536 shares of the closed-end fund’s stock valued at $1,848,000 after purchasing an additional 11,835 shares during the period.

MFS Municipal Income Trust Trading Up 0.2 %

Shares of MFM opened at $5.71 on Friday. MFS Municipal Income Trust has a one year low of $4.37 and a one year high of $5.78. The company’s fifty day moving average price is $5.55 and its 200 day moving average price is $5.36.

MFS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.0215 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.26 annualized dividend and a dividend yield of 4.52%.

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.