Janney Montgomery Scott LLC Has $3.07 Million Holdings in MFS Municipal Income Trust (NYSE:MFM)

Janney Montgomery Scott LLC grew its stake in MFS Municipal Income Trust (NYSE:MFM) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 573,615 shares of the closed-end fund’s stock after acquiring an additional 36,785 shares during the period. Janney Montgomery Scott LLC’s holdings in MFS Municipal Income Trust were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its position in MFS Municipal Income Trust by 49.4% in 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. Park Avenue Securities LLC raised its position in shares of MFS Municipal Income Trust by 7.2% during the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock worth $720,000 after acquiring an additional 8,993 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of MFS Municipal Income Trust by 5.9% during the third quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock valued at $225,000 after acquiring an additional 2,206 shares during the period. HighTower Advisors LLC boosted its holdings in MFS Municipal Income Trust by 66.2% in the third quarter. HighTower Advisors LLC now owns 32,726 shares of the closed-end fund’s stock valued at $183,000 after acquiring an additional 13,030 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in MFS Municipal Income Trust by 11.5% in the third quarter. Rockefeller Capital Management L.P. now owns 106,584 shares of the closed-end fund’s stock valued at $610,000 after acquiring an additional 11,000 shares during the last quarter.

MFS Municipal Income Trust Price Performance

Shares of NYSE:MFM opened at $5.42 on Friday. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78. The business has a 50-day moving average price of $5.46 and a two-hundred day moving average price of $5.54.

MFS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were paid a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Tuesday, January 14th.

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.