Aviance Capital Partners LLC Cuts Stock Holdings in MFS Municipal Income Trust (NYSE:MFM)

Aviance Capital Partners LLC reduced its stake in shares of MFS Municipal Income Trust (NYSE:MFM) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,226 shares of the closed-end fund’s stock after selling 4,110 shares during the quarter. Aviance Capital Partners LLC’s holdings in MFS Municipal Income Trust were worth $151,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MFM. Raymond James Financial Services Advisors Inc. grew its position in shares of MFS Municipal Income Trust by 9.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,652 shares of the closed-end fund’s stock worth $158,000 after buying an additional 2,571 shares during the last quarter. Drive Wealth Management LLC boosted its holdings in MFS Municipal Income Trust by 16.1% in the fourth quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock valued at $112,000 after acquiring an additional 3,000 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC increased its position in MFS Municipal Income Trust by 1.6% during the 4th quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 213,349 shares of the closed-end fund’s stock valued at $1,103,000 after purchasing an additional 3,273 shares during the period. Landscape Capital Management L.L.C. raised its holdings in MFS Municipal Income Trust by 44.2% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 18,278 shares of the closed-end fund’s stock worth $83,000 after purchasing an additional 5,599 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of MFS Municipal Income Trust by 5.3% in the 4th quarter. Raymond James & Associates now owns 118,275 shares of the closed-end fund’s stock worth $611,000 after purchasing an additional 5,982 shares during the period.

MFS Municipal Income Trust Price Performance

Shares of NYSE MFM traded up $0.07 during midday trading on Wednesday, hitting $5.29. 69,321 shares of the company traded hands, compared to its average volume of 95,344. MFS Municipal Income Trust has a 12-month low of $4.37 and a 12-month high of $5.48. The stock has a 50-day moving average price of $5.23 and a 200 day moving average price of $5.11.

MFS Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.0205 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.65%.

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.