Tyche Wealth Partners LLC bought a new position in MFS Municipal Income Trust (NYSE:MFM – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund bought 95,776 shares of the closed-end fund’s stock, valued at approximately $495,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Advisor Networks LLC lifted its holdings in shares of MFS Municipal Income Trust by 12.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 17,715 shares of the closed-end fund’s stock worth $108,000 after acquiring an additional 2,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in MFS Municipal Income Trust by 9.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,652 shares of the closed-end fund’s stock valued at $158,000 after buying an additional 2,571 shares during the period. Drive Wealth Management LLC grew its stake in shares of MFS Municipal Income Trust by 16.1% during the fourth quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock valued at $112,000 after buying an additional 3,000 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC increased its holdings in shares of MFS Municipal Income Trust by 1.6% in the fourth quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 213,349 shares of the closed-end fund’s stock worth $1,103,000 after buying an additional 3,273 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in MFS Municipal Income Trust by 7.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 47,054 shares of the closed-end fund’s stock valued at $214,000 after acquiring an additional 3,368 shares during the period.
MFS Municipal Income Trust Price Performance
MFM traded down $0.00 on Wednesday, hitting $5.10. 79,190 shares of the company were exchanged, compared to its average volume of 76,038. MFS Municipal Income Trust has a 12 month low of $4.37 and a 12 month high of $5.48. The firm has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.05.
MFS Municipal Income Trust Announces Dividend
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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