MFS Municipal Income Trust (NYSE:MFM) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in MFS Municipal Income Trust (NYSE:MFM) by 37.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 761,784 shares of the closed-end fund’s stock after buying an additional 205,904 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $4,091,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of MFS Municipal Income Trust by 9.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,652 shares of the closed-end fund’s stock worth $158,000 after buying an additional 2,571 shares during the period. Drive Wealth Management LLC lifted its position in MFS Municipal Income Trust by 16.1% during the 4th quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock worth $112,000 after acquiring an additional 3,000 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC boosted its holdings in MFS Municipal Income Trust by 1.6% in the 4th quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 213,349 shares of the closed-end fund’s stock worth $1,103,000 after acquiring an additional 3,273 shares during the period. Chicago Partners Investment Group LLC grew its position in MFS Municipal Income Trust by 26.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 25,237 shares of the closed-end fund’s stock valued at $130,000 after acquiring an additional 5,216 shares in the last quarter. Finally, Raymond James & Associates grew its position in MFS Municipal Income Trust by 5.3% in the fourth quarter. Raymond James & Associates now owns 118,275 shares of the closed-end fund’s stock valued at $611,000 after acquiring an additional 5,982 shares in the last quarter.

MFS Municipal Income Trust Price Performance

NYSE MFM opened at $5.46 on Friday. The company’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.23. MFS Municipal Income Trust has a 52 week low of $4.37 and a 52 week high of $5.48.

MFS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were issued a $0.0205 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.25 dividend on an annualized basis and a yield of 4.51%.

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.