Balanced Wealth Group LLC purchased a new position in MFS Municipal Income Trust (NYSE:MFM – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 127,871 shares of the closed-end fund’s stock, valued at approximately $661,000.
Several other institutional investors and hedge funds have also modified their holdings of MFM. Raymond James Financial Services Advisors Inc. raised its holdings in MFS Municipal Income Trust by 31.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 28,081 shares of the closed-end fund’s stock worth $128,000 after purchasing an additional 6,641 shares during the period. Advisor Partners II LLC bought a new stake in shares of MFS Municipal Income Trust in the 3rd quarter worth approximately $1,615,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of MFS Municipal Income Trust during the third quarter valued at approximately $1,048,000. Melfa Wealth Management LLC boosted its holdings in MFS Municipal Income Trust by 14.7% in the 3rd quarter. Melfa Wealth Management LLC now owns 115,362 shares of the closed-end fund’s stock worth $525,000 after buying an additional 14,800 shares during the period. Finally, Aviance Capital Partners LLC grew its stake in MFS Municipal Income Trust by 22.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 33,336 shares of the closed-end fund’s stock worth $152,000 after acquiring an additional 6,009 shares in the last quarter.
MFS Municipal Income Trust Trading Up 1.7 %
Shares of NYSE:MFM traded up $0.09 on Wednesday, hitting $5.31. 95,633 shares of the company were exchanged, compared to its average volume of 95,812. The stock’s 50 day moving average price is $5.23 and its 200 day moving average price is $5.11. MFS Municipal Income Trust has a 1-year low of $4.37 and a 1-year high of $5.48.
MFS Municipal Income Trust Announces Dividend
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.
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