Nomura Holdings Inc. bought a new position in shares of MFS Municipal Income Trust (NYSE:MFM – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,389 shares of the closed-end fund’s stock, valued at approximately $105,000.
A number of other institutional investors have also modified their holdings of the stock. Gridiron Partners LLC bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at approximately $61,000. Atria Wealth Solutions Inc. bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at approximately $64,000. Weiss Asset Management LP bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at approximately $74,000. Foresight Capital Management Advisors Inc. bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at approximately $104,000. Finally, Drive Wealth Management LLC boosted its stake in shares of MFS Municipal Income Trust by 16.1% during the fourth quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 3,000 shares in the last quarter.
MFS Municipal Income Trust Trading Up 1.1 %
NYSE MFM opened at $5.34 on Tuesday. The firm’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.22. MFS Municipal Income Trust has a 52-week low of $4.37 and a 52-week high of $5.48.
MFS Municipal Income Trust Announces Dividend
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.
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