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2023-03-29 16:04
MFS Municipal Income Trust (NYSE:MFM – Get Rating)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.18 and traded as low as $5.03. MFS Municipal Income Trust shares last traded at $5.05, with a volume of 68,898 shares trading hands.
The firm's 50 day moving average price is $5.18 and its 200 day moving average price is $5.08.
Get MFS Municipal Income Trust alerts:The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a $0.0185 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Tuesday, March 14th.
Institutional investors have recently bought and sold shares of the stock. Cetera Advisor Networks LLC grew its holdings in MFS Municipal Income Trust by 12.7% in the first quarter. Cetera Advisor Networks LLC now owns 17,715 shares of the closed-end fund's stock worth $108,000 after purchasing an additional 2,000 shares during the period. Park Avenue Securities LLC grew its holdings in MFS Municipal Income Trust by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 166,221 shares of the closed-end fund's stock worth $861,000 after purchasing an additional 3,054 shares during the period. Envestnet Asset Management Inc. grew its holdings in MFS Municipal Income Trust by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 180,841 shares of the closed-end fund's stock worth $937,000 after purchasing an additional 3,182 shares during the period. Landscape Capital Management L.L.C. grew its holdings in MFS Municipal Income Trust by 23.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 23,475 shares of the closed-end fund's stock worth $122,000 after purchasing an additional 4,474 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in MFS Municipal Income Trust by 48.0% in the first quarter. Chicago Partners Investment Group LLC now owns 14,800 shares of the closed-end fund's stock worth $80,000 after purchasing an additional 4,800 shares during the period. 19.68% of the stock is owned by institutional investors.
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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.
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