Mfs Muni Inc Tr (NYSE:MFM) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Mfs Muni Inc Tr (NYSE:MFMGet Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.36 and traded as high as $5.44. Mfs Muni Inc Tr shares last traded at $5.44, with a volume of 85,005 shares.

Mfs Muni Inc Tr Stock Up 0.9%

The business’s fifty day simple moving average is $5.36 and its 200 day simple moving average is $5.22.

Mfs Muni Inc Tr Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Tuesday, November 18th will be paid a $0.024 dividend. The ex-dividend date is Tuesday, November 18th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NWF Advisory Services Inc. acquired a new stake in Mfs Muni Inc Tr in the second quarter valued at approximately $52,000. Colonial Trust Advisors bought a new position in shares of Mfs Muni Inc Tr in the 3rd quarter worth $62,000. World Investment Advisors acquired a new stake in Mfs Muni Inc Tr in the 3rd quarter valued at $77,000. Activest Wealth Management bought a new stake in Mfs Muni Inc Tr during the 3rd quarter valued at $80,000. Finally, Landscape Capital Management L.L.C. raised its holdings in Mfs Muni Inc Tr by 21.9% during the first quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund’s stock worth $85,000 after buying an additional 2,869 shares during the last quarter.

Mfs Muni Inc Tr Company Profile

(Get Free Report)

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.

Further Reading

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