Karpus Management Inc. Acquires Shares of 45,200 MFS Municipal Income Trust (NYSE:MFM)

Karpus Management Inc. acquired a new stake in MFS Municipal Income Trust (NYSE:MFM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,200 shares of the closed-end fund’s stock, valued at approximately $308,000. Karpus Management Inc. owned 0.11% of MFS Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MFM. Raymond James Financial Services Advisors Inc. increased its stake in MFS Municipal Income Trust by 11.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,465 shares of the closed-end fund’s stock valued at $371,000 after purchasing an additional 5,708 shares during the period. LPL Financial LLC increased its stake in MFS Municipal Income Trust by 33.2% in the fourth quarter. LPL Financial LLC now owns 15,657 shares of the closed-end fund’s stock valued at $105,000 after purchasing an additional 3,900 shares during the period. Stifel Financial Corp increased its stake in shares of MFS Municipal Income Trust by 24.6% during the fourth quarter. Stifel Financial Corp now owns 411,203 shares of the closed-end fund’s stock worth $2,747,000 after acquiring an additional 81,226 shares during the period. Smith Moore & CO. boosted its holdings in MFS Municipal Income Trust by 4.8% during the fourth quarter. Smith Moore & CO. now owns 64,719 shares of the closed-end fund’s stock worth $432,000 after buying an additional 2,939 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in MFS Municipal Income Trust by 3.4% during the fourth quarter. Truist Financial Corp now owns 65,489 shares of the closed-end fund’s stock worth $437,000 after buying an additional 2,160 shares in the last quarter. Institutional investors own 13.17% of the company’s stock.

MFM stock opened at $7.16 on Thursday. MFS Municipal Income Trust has a 52 week low of $6.27 and a 52 week high of $7.40. The business’s 50-day moving average is $7.17.

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 30th. Investors of record on Wednesday, July 14th will be issued a dividend of $0.0255 per share. This represents a $0.31 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, July 13th.

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.

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Institutional Ownership by Quarter for MFS Municipal Income Trust (NYSE:MFM)

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