Thomas J. Herzfeld Advisors Inc. Decreases Stock Holdings in MFS Municipal Income Trust (NYSE:MFM)

Thomas J. Herzfeld Advisors Inc. lowered its stake in MFS Municipal Income Trust (NYSE:MFM) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 526,027 shares of the closed-end fund’s stock after selling 21,575 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in MFS Municipal Income Trust were worth $2,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted its holdings in shares of 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 buying an additional 2,206 shares during the period. Aviance Capital Partners LLC increased its position in MFS Municipal Income Trust by 19.4% during the fourth quarter. Aviance Capital Partners LLC now owns 40,664 shares of the closed-end fund’s stock valued at $218,000 after acquiring an additional 6,595 shares during the last quarter. Choreo LLC lifted its holdings in MFS Municipal Income Trust by 9.0% in the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock valued at $524,000 after acquiring an additional 8,079 shares during the period. Park Avenue Securities LLC lifted its holdings in MFS Municipal Income Trust by 7.2% in the fourth 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 during the period. Finally, Wealthcare Advisory Partners LLC boosted its position 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 worth $146,000 after purchasing an additional 9,000 shares during the last quarter.

MFS Municipal Income Trust Stock Up 0.1 %

NYSE MFM opened at $5.31 on Tuesday. The company has a 50-day moving average price of $5.44 and a 200-day moving average price of $5.52. MFS Municipal Income Trust has a 52 week low of $5.05 and a 52 week high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0215 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.26 dividend on an annualized basis and a yield of 4.86%.

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.