Bridgewater Advisors Inc. Acquires New Position in Mfs Muni Inc Tr $MFM

Bridgewater Advisors Inc. bought a new position in shares of Mfs Muni Inc Tr (NYSE:MFM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,640 shares of the closed-end fund’s stock, valued at approximately $532,000.

Several other institutional investors also recently bought and sold shares of MFM. Envestnet Asset Management Inc. lifted its stake in shares of Mfs Muni Inc Tr by 19.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 639,204 shares of the closed-end fund’s stock worth $3,388,000 after purchasing an additional 103,401 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its stake in Mfs Muni Inc Tr by 11.8% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 587,872 shares of the closed-end fund’s stock valued at $3,116,000 after purchasing an additional 61,845 shares during the last quarter. Invesco Ltd. lifted its position in Mfs Muni Inc Tr by 33.7% during the first quarter. Invesco Ltd. now owns 319,810 shares of the closed-end fund’s stock worth $1,695,000 after buying an additional 80,543 shares during the period. Choreo LLC boosted its stake in Mfs Muni Inc Tr by 10.3% in the 1st quarter. Choreo LLC now owns 108,228 shares of the closed-end fund’s stock worth $574,000 after buying an additional 10,083 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Mfs Muni Inc Tr by 35.3% in the 1st quarter. NewEdge Advisors LLC now owns 77,049 shares of the closed-end fund’s stock worth $408,000 after buying an additional 20,118 shares during the last quarter.

Mfs Muni Inc Tr Stock Down 0.7%

NYSE MFM opened at $5.37 on Tuesday. Mfs Muni Inc Tr has a 12 month low of $4.94 and a 12 month high of $5.72. The company has a 50-day moving average of $5.33 and a 200-day moving average of $5.20.

Mfs Muni Inc Tr Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 14th were given a dividend of $0.024 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a c) annualized dividend and a yield of 5.4%.

Mfs Muni Inc Tr 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.