HighTower Advisors LLC Has $183,000 Stock Holdings in MFS Municipal Income Trust (NYSE:MFM)

HighTower Advisors LLC increased its stake in shares of MFS Municipal Income Trust (NYSE:MFM) by 66.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,726 shares of the closed-end fund’s stock after buying an additional 13,030 shares during the period. HighTower Advisors LLC’s holdings in MFS Municipal Income Trust were worth $183,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in shares of 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 worth $610,000 after acquiring an additional 11,000 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of MFS Municipal Income Trust by 16.5% in the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock valued at $133,000 after purchasing an additional 3,282 shares in the last quarter. Pathstone Holdings LLC raised its position in MFS Municipal Income Trust by 14.8% in the 3rd quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock worth $9,298,000 after purchasing an additional 209,439 shares during the last quarter. Aviance Capital Partners LLC raised its position in MFS Municipal Income Trust by 6.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock worth $195,000 after purchasing an additional 1,945 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in MFS Municipal Income Trust by 81.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock worth $456,000 after buying an additional 35,662 shares in the last quarter.

MFS Municipal Income Trust Price Performance

NYSE MFM opened at $5.32 on Thursday. MFS Municipal Income Trust has a 52 week low of $5.05 and a 52 week high of $5.78. The stock has a fifty day moving average of $5.57 and a 200-day moving average of $5.53.

MFS Municipal Income Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

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.