Gridiron Partners LLC Buys 296,292 Shares of Mfs Muni Inc Tr $MFM

Gridiron Partners LLC increased its position in shares of Mfs Muni Inc Tr (NYSE:MFM) by 2,495.5% during the third quarter, Holdings Channel reports. The institutional investor owned 308,165 shares of the closed-end fund’s stock after purchasing an additional 296,292 shares during the quarter. Mfs Muni Inc Tr comprises 0.1% of Gridiron Partners LLC’s holdings, making the stock its 29th biggest position. Gridiron Partners LLC’s holdings in Mfs Muni Inc Tr were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MFM. Balanced Wealth Group LLC bought a new stake in shares of Mfs Muni Inc Tr in the 2nd quarter worth approximately $932,000. Advisors Asset Management Inc. lifted its position in Mfs Muni Inc Tr by 14.0% in the second quarter. Advisors Asset Management Inc. now owns 873,146 shares of the closed-end fund’s stock worth $4,514,000 after purchasing an additional 106,967 shares during the period. Bridgewater Advisors Inc. acquired a new stake in Mfs Muni Inc Tr during the second quarter worth $532,000. Invesco Ltd. increased its holdings in Mfs Muni Inc Tr by 32.4% in the 2nd quarter. Invesco Ltd. now owns 423,411 shares of the closed-end fund’s stock valued at $2,189,000 after buying an additional 103,601 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of Mfs Muni Inc Tr by 10.9% in the 2nd quarter. Guggenheim Capital LLC now owns 967,358 shares of the closed-end fund’s stock valued at $5,001,000 after buying an additional 95,163 shares in the last quarter.

Mfs Muni Inc Tr Stock Down 0.1%

NYSE:MFM opened at $5.37 on Tuesday. The company has a 50-day moving average of $5.39 and a 200-day moving average of $5.26. Mfs Muni Inc Tr has a 52 week low of $4.94 and a 52 week high of $5.59.

Mfs Muni Inc Tr Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.024 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, December 16th.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.