Balanced Wealth Group LLC Sells 24,944 Shares of MFS Municipal Income Trust (NYSE:MFM)

Balanced Wealth Group LLC cut its holdings in MFS Municipal Income Trust (NYSE:MFM) by 66.4% during the 4th quarter, HoldingsChannel reports. The fund owned 12,620 shares of the closed-end fund’s stock after selling 24,944 shares during the quarter. Balanced Wealth Group LLC’s holdings in MFS Municipal Income Trust were worth $69,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MFM. Aviance Capital Partners LLC lifted its holdings in shares of MFS Municipal Income Trust by 6.1% in the third 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 last quarter. MML Investors Services LLC lifted its stake in MFS Municipal Income Trust by 5.9% during 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 stake in 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 valued at $133,000 after acquiring an additional 3,282 shares in the last quarter. Choreo LLC raised its stake in shares of MFS Municipal Income Trust by 9.0% during the 4th quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock worth $524,000 after purchasing an additional 8,079 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of MFS Municipal Income Trust by 7.2% during the 4th quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock worth $720,000 after purchasing an additional 8,993 shares during the period.

MFS Municipal Income Trust Price Performance

Shares of MFM opened at $5.46 on Thursday. The business has a 50-day moving average of $5.44 and a 200 day moving average of $5.54. MFS Municipal Income Trust has a fifty-two week low of $5.05 and a fifty-two week high of $5.78.

MFS Municipal Income Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.73%.

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.