Logan Stone Capital LLC Increases Stock Position in MFS Municipal Income Trust (NYSE:MFM)

Logan Stone Capital LLC lifted its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 68.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,992 shares of the closed-end fund’s stock after purchasing an additional 120,487 shares during the period. Logan Stone Capital LLC’s holdings in MFS Municipal Income Trust were worth $1,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Weiss Asset Management LP purchased a new stake in MFS Municipal Income Trust in the fourth quarter valued at approximately $74,000. Blue Bell Private Wealth Management LLC grew its position in MFS Municipal Income Trust by 19.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock worth $84,000 after purchasing an additional 2,501 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of MFS Municipal Income Trust in the fourth quarter valued at about $105,000. Chicago Partners Investment Group LLC boosted its stake in shares of MFS Municipal Income Trust by 26.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 25,237 shares of the closed-end fund’s stock worth $130,000 after buying an additional 5,216 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in shares of MFS Municipal Income Trust by 78.0% during the second quarter. Wolverine Asset Management LLC now owns 43,996 shares of the closed-end fund’s stock worth $240,000 after buying an additional 19,278 shares during the last quarter.

MFS Municipal Income Trust Stock Performance

Shares of MFM stock opened at $5.69 on Friday. MFS Municipal Income Trust has a 52-week low of $4.37 and a 52-week high of $5.78. The stock’s 50-day moving average price is $5.57 and its 200 day moving average price is $5.37.

MFS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Tuesday, September 17th.

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.