Avantax Advisory Services Inc. Takes Position in MFS Municipal Income Trust (NYSE:MFM)

Avantax Advisory Services Inc. acquired a new stake in MFS Municipal Income Trust (NYSE:MFM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,937 shares of the closed-end fund’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amarillo National Bank bought a new stake in MFS Municipal Income Trust during the 4th quarter worth approximately $62,000. Novus Advisors LLC acquired a new stake in shares of MFS Municipal Income Trust in the fourth quarter valued at about $116,000. Wealthcare Advisory Partners LLC raised its holdings in MFS Municipal Income Trust by 49.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock worth $146,000 after purchasing an additional 9,000 shares during the last quarter. HighTower Advisors LLC raised its stake in MFS Municipal Income Trust by 66.2% during the third quarter. HighTower Advisors LLC now owns 32,726 shares of the closed-end fund’s stock worth $183,000 after buying an additional 13,030 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in MFS Municipal Income Trust by 19.4% in the fourth quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund’s stock valued at $218,000 after buying an additional 6,595 shares during the period.

MFS Municipal Income Trust Trading Down 0.6 %

Shares of MFS Municipal Income Trust stock opened at $5.30 on Friday. The business has a 50-day moving average price of $5.44 and a two-hundred day moving average price of $5.52. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, March 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.