MFS Municipal Income Trust (NYSE:MFM) Stock Crosses Below 200 Day Moving Average – What’s Next?

MFS Municipal Income Trust (NYSE:MFM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.53 and traded as low as $5.26. MFS Municipal Income Trust shares last traded at $5.32, with a volume of 205,749 shares traded.

MFS Municipal Income Trust Stock Up 0.4 %

The firm’s 50 day moving average price is $5.57 and its two-hundred day moving average price is $5.53.

MFS Municipal Income Trust Announces Dividend

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

Institutional Trading of MFS Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC increased its holdings in MFS Municipal Income Trust by 5.9% in the third quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock valued at $225,000 after buying an additional 2,206 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of MFS Municipal Income Trust by 66.2% in the 3rd 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. Rockefeller Capital Management L.P. raised its position in shares of MFS Municipal Income Trust by 11.5% during the 3rd 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 in the last quarter. Avior Wealth Management LLC lifted its stake in MFS Municipal Income Trust by 16.5% during the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock worth $133,000 after purchasing an additional 3,282 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its stake in MFS Municipal Income Trust by 14.8% during the third 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.

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.