Mfs Muni Inc Tr (MFM) To Go Ex-Dividend on October 23rd

Mfs Muni Inc Tr (NYSE:MFM) announced a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be paid a dividend of $0.03 per share by the closed-end fund on Friday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, October 23rd.

Mfs Muni Inc Tr Trading Up 0.3%

Mfs Muni Inc Tr stock traded up $0.01 during mid-day trading on Wednesday, hitting $5.12. 81,313 shares of the company traded hands, compared to its average volume of 230,726. The stock has a fifty day moving average price of $5.15 and a 200-day moving average price of $5.34. Mfs Muni Inc Tr has a one year low of $4.75 and a one year high of $5.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC boosted its holdings in shares of Mfs Muni Inc Tr by 12.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 30,606 shares of the closed-end fund’s stock worth $172,000 after purchasing an additional 3,376 shares in the last quarter. Balanced Wealth Group LLC increased its position in shares of Mfs Muni Inc Tr by 2.6% during the 1st quarter. Balanced Wealth Group LLC now owns 195,055 shares of the closed-end fund’s stock valued at $1,051,000 after purchasing an additional 4,883 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Mfs Muni Inc Tr by 22.4% during the 1st quarter. Cetera Investment Advisers now owns 34,303 shares of the closed-end fund’s stock valued at $185,000 after purchasing an additional 6,268 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Mfs Muni Inc Tr by 5.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 154,492 shares of the closed-end fund’s stock valued at $839,000 after buying an additional 8,300 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Mfs Muni Inc Tr by 1,220.8% during the 2nd quarter. Allworth Financial LP now owns 9,602 shares of the closed-end fund’s stock valued at $54,000 after buying an additional 8,875 shares in the last quarter.

Mfs Muni Inc Tr Company Profile

MFS Muni Inc Tr, also known as MFS Municipal Income Trust, is a closed-end investment company listed on the New York Stock Exchange under the symbol MFM. The trust seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.

The portfolio may include obligations issued by states, municipalities, and other public entities across the United States. These securities generally finance public infrastructure and essential services, such as schools, transportation systems, utilities, hospitals, and other community projects.