MFS Municipal Income Trust (NYSE:MFM) Stock Position Boosted by MML Investors Services LLC

MML Investors Services LLC grew its stake in shares of MFS Municipal Income Trust (NYSE:MFM) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 39,303 shares of the closed-end fund’s stock after acquiring an additional 2,206 shares during the period. MML Investors Services LLC’s holdings in MFS Municipal Income Trust were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Pathstone Holdings LLC raised its holdings in MFS Municipal Income Trust by 14.8% during the third quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock worth $9,298,000 after purchasing an additional 209,439 shares in the last quarter. Logan Stone Capital LLC increased its position in shares of MFS Municipal Income Trust by 68.7% during the 2nd quarter. Logan Stone Capital LLC now owns 295,992 shares of the closed-end fund’s stock valued at $1,616,000 after purchasing an additional 120,487 shares during the period. Rothschild Investment LLC bought a new stake in shares of MFS Municipal Income Trust in the 2nd quarter worth $317,000. Envestnet Asset Management Inc. lifted its holdings in shares of MFS Municipal Income Trust by 9.0% in the second quarter. Envestnet Asset Management Inc. now owns 560,506 shares of the closed-end fund’s stock valued at $3,060,000 after buying an additional 46,113 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in MFS Municipal Income Trust by 81.1% during the third quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock valued at $456,000 after buying an additional 35,662 shares in the last quarter.

MFS Municipal Income Trust Stock Up 1.7 %

NYSE:MFM opened at $5.41 on Friday. The business’s 50-day moving average price is $5.56 and its 200 day moving average price is $5.53. MFS Municipal Income Trust has a 52-week low of $5.05 and a 52-week high of $5.78.

MFS Municipal Income Trust Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0215 dividend. The ex-dividend date is Tuesday, December 17th.

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.