HighTower Advisors LLC Purchases 13,030 Shares of MFS Municipal Income Trust (NYSE:MFM)

HighTower Advisors LLC lifted its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 66.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,726 shares of the closed-end fund’s stock after purchasing an additional 13,030 shares during the quarter. HighTower Advisors LLC’s holdings in MFS Municipal Income Trust were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its holdings 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 acquiring an additional 2,501 shares during the period. Sanctuary Advisors LLC bought a new stake in MFS Municipal Income Trust in the second quarter valued at $104,000. Avior Wealth Management LLC raised its stake in MFS Municipal Income Trust by 16.5% during the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock worth $133,000 after acquiring an additional 3,282 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of MFS Municipal Income Trust by 6.1% during the third quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after acquiring an additional 1,945 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of MFS Municipal Income Trust by 78.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 43,996 shares of the closed-end fund’s stock valued at $240,000 after purchasing an additional 19,278 shares in the last quarter.

MFS Municipal Income Trust Stock Up 0.4 %

MFM opened at $5.32 on Thursday. The firm’s 50-day simple moving average is $5.57 and its 200-day simple moving average is $5.53. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0215 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

MFS Municipal Income Trust 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.