Balanced Wealth Group LLC Sells 22,044 Shares of MFS Municipal Income Trust (NYSE:MFM)

Balanced Wealth Group LLC trimmed its stake in MFS Municipal Income Trust (NYSE:MFM) by 32.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,267 shares of the closed-end fund’s stock after selling 22,044 shares during the period. Balanced Wealth Group LLC’s holdings in MFS Municipal Income Trust were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MFM. Envestnet Asset Management Inc. lifted its position in shares of MFS Municipal Income Trust by 9.0% during the second quarter. Envestnet Asset Management Inc. now owns 560,506 shares of the closed-end fund’s stock worth $3,060,000 after purchasing an additional 46,113 shares in the last quarter. Choreo LLC increased its position in shares of MFS Municipal Income Trust by 5.0% in the 2nd quarter. Choreo LLC now owns 85,486 shares of the closed-end fund’s stock valued at $456,000 after buying an additional 4,078 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of MFS Municipal Income Trust by 19.4% during the second 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 period. Wolverine Asset Management LLC raised its holdings in MFS Municipal Income Trust by 78.0% during the 2nd 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 period. Finally, Van ECK Associates Corp raised its holdings in shares of MFS Municipal Income Trust by 3.6% during the second quarter. Van ECK Associates Corp now owns 338,536 shares of the closed-end fund’s stock worth $1,848,000 after acquiring an additional 11,835 shares during the period.

MFS Municipal Income Trust Stock Performance

Shares of MFS Municipal Income Trust stock opened at $5.71 on Friday. MFS Municipal Income Trust has a one year low of $4.37 and a one year high of $5.78. The stock’s 50-day moving average is $5.55 and its 200-day moving average is $5.36.

MFS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a $0.0215 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, September 17th.

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.