Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) declared a monthly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be given a dividend of $0.03 per share by the closed-end fund on Monday, November 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, November 20th.
Mfs Muni Inc Tr Trading Up 0.7%
Shares of NYSE MFM opened at $5.20 on Thursday. The firm’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $5.35. Mfs Muni Inc Tr has a 12-month low of $4.75 and a 12-month high of $5.67.
Hedge Funds Weigh In On Mfs Muni Inc Tr
A number of large investors have recently modified their holdings of MFM. Private Advisor Group LLC acquired a new stake in shares of Mfs Muni Inc Tr in the third quarter valued at approximately $49,000. Allworth Financial LP lifted its holdings in 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 worth $54,000 after buying an additional 8,875 shares in the last quarter. Fortitude Advisory Group L.L.C. acquired a new position in Mfs Muni Inc Tr during the 2nd quarter worth $59,000. Avior Wealth Management LLC bought a new position in Mfs Muni Inc Tr in the 3rd quarter valued at $60,000. Finally, Fifth Third Bancorp boosted its position in Mfs Muni Inc Tr by 121.6% in the 3rd quarter. Fifth Third Bancorp now owns 12,507 shares of the closed-end fund’s stock valued at $61,000 after buying an additional 6,863 shares during the last quarter.
Mfs Muni Inc Tr Company Profile
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 regular federal income tax by investing primarily in municipal securities issued by states, municipalities and other public entities in the United States. Its portfolio may include bonds financing public infrastructure and essential services, such as education, transportation, utilities, health care and other governmental projects.
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