Chicago Partners Investment Group LLC Raises Stake in MFS Municipal Income Trust (NYSE:MFM)

Chicago Partners Investment Group LLC boosted its position in MFS Municipal Income Trust (NYSE:MFM) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,237 shares of the closed-end fund’s stock after buying an additional 5,216 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in MFS Municipal Income Trust were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gridiron Partners LLC bought a new stake in MFS Municipal Income Trust in the fourth quarter valued at approximately $61,000. Weiss Asset Management LP bought a new stake in MFS Municipal Income Trust in the fourth quarter valued at approximately $74,000. Robinson Capital Management LLC bought a new stake in MFS Municipal Income Trust in the fourth quarter valued at approximately $1,370,000. Janney Montgomery Scott LLC lifted its position in MFS Municipal Income Trust by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 405,046 shares of the closed-end fund’s stock valued at $2,094,000 after purchasing an additional 15,462 shares during the last quarter. Finally, Balanced Wealth Group LLC bought a new stake in MFS Municipal Income Trust in the fourth quarter valued at approximately $661,000.

MFS Municipal Income Trust Trading Up 0.3 %

Shares of MFM stock opened at $5.33 on Wednesday. MFS Municipal Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $5.48. The stock has a 50 day moving average price of $5.20 and a two-hundred day moving average price of $5.22.

MFS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.0205 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.62%.

About MFS Municipal Income Trust

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.