Advisors Asset Management Inc. Sells 194,139 Shares of MFS Municipal Income Trust (NYSE:MFM)

Advisors Asset Management Inc. decreased its position in MFS Municipal Income Trust (NYSE:MFM) by 21.2% during the third quarter, HoldingsChannel reports. The firm owned 722,003 shares of the closed-end fund’s stock after selling 194,139 shares during the quarter. Advisors Asset Management Inc.’s holdings in MFS Municipal Income Trust were worth $4,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Aviance Capital Partners LLC raised its holdings in MFS Municipal Income Trust by 6.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock worth $195,000 after acquiring an additional 1,945 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of MFS Municipal Income Trust by 19.4% in 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. Avior Wealth Management LLC lifted its position in shares of MFS Municipal Income Trust by 16.5% during the 3rd 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. Choreo LLC boosted its stake in MFS Municipal Income Trust by 5.0% during the 2nd quarter. Choreo LLC now owns 85,486 shares of the closed-end fund’s stock valued at $456,000 after purchasing an additional 4,078 shares during the period. Finally, Van ECK Associates Corp boosted its stake in MFS Municipal Income Trust by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 338,536 shares of the closed-end fund’s stock valued at $1,848,000 after purchasing an additional 11,835 shares during the period.

MFS Municipal Income Trust Stock Up 0.2 %

Shares of NYSE MFM opened at $5.54 on Friday. MFS Municipal Income Trust has a 12 month low of $4.91 and a 12 month high of $5.78. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $5.48.

MFS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be given a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, November 12th.

MFS Municipal Income Trust 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.