Aviance Capital Partners LLC Has $218,000 Stock Position in MFS Municipal Income Trust (NYSE:MFM)

Aviance Capital Partners LLC raised its stake in MFS Municipal Income Trust (NYSE:MFM) by 19.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,664 shares of the closed-end fund’s stock after buying an additional 6,595 shares during the period. Aviance Capital Partners LLC’s holdings in MFS Municipal Income Trust were worth $218,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Amarillo National Bank bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at $62,000. Novus Advisors LLC bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at $116,000. Avior Wealth Management LLC raised its stake in shares of MFS Municipal Income Trust by 16.5% during the third 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 during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in MFS Municipal Income Trust by 49.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock valued at $146,000 after buying an additional 9,000 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in MFS Municipal Income Trust by 66.2% in the third quarter. HighTower Advisors LLC now owns 32,726 shares of the closed-end fund’s stock valued at $183,000 after buying an additional 13,030 shares during the period.

MFS Municipal Income Trust Stock Performance

MFM stock opened at $5.45 on Friday. The company’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $5.55. MFS Municipal Income Trust has a 12-month low of $5.05 and a 12-month high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Tuesday, March 18th.

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.