Drive Wealth Management LLC Has $78,000 Stock Position in MFS Municipal Income Trust (NYSE:MFM)

Drive Wealth Management LLC decreased its position in MFS Municipal Income Trust (NYSE:MFM) by 17.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,600 shares of the closed-end fund’s stock after selling 3,000 shares during the period. Drive Wealth Management LLC’s holdings in MFS Municipal Income Trust were worth $78,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aviance Capital Partners LLC lifted its position 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 valued at $195,000 after acquiring an additional 1,945 shares in the last quarter. MML Investors Services LLC lifted its position in MFS Municipal Income Trust by 5.9% in the 3rd quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock valued at $225,000 after acquiring an additional 2,206 shares in the last quarter. Avior Wealth Management LLC lifted its position in MFS Municipal Income Trust by 16.5% in the 3rd quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock valued at $133,000 after acquiring an additional 3,282 shares in the last quarter. Park Avenue Securities LLC lifted its position in MFS Municipal Income Trust by 7.2% in the 4th quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock valued at $720,000 after acquiring an additional 8,993 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in MFS Municipal Income Trust by 49.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock valued at $146,000 after acquiring an additional 9,000 shares in the last quarter.

MFS Municipal Income Trust Stock Up 0.5 %

MFM opened at $5.44 on Wednesday. MFS Municipal Income Trust has a 12 month low of $5.05 and a 12 month high of $5.78. The firm’s fifty day simple moving average is $5.46 and its 200 day simple moving average is $5.54.

MFS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be given a $0.0215 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.26 annualized dividend and a yield of 4.75%.

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.