Capital Investment Advisors LLC Decreases Stake in MFS Municipal Income Trust (NYSE:MFM)

Capital Investment Advisors LLC lowered its position in MFS Municipal Income Trust (NYSE:MFM) by 1.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 118,482 shares of the closed-end fund’s stock after selling 2,250 shares during the quarter. Capital Investment Advisors LLC’s holdings in MFS Municipal Income Trust were worth $628,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Waverly Advisors LLC purchased a new stake in MFS Municipal Income Trust in the 4th quarter worth about $54,000. Pathstone Holdings LLC increased its holdings in MFS Municipal Income Trust by 12.4% in the 4th quarter. Pathstone Holdings LLC now owns 1,827,038 shares of the closed-end fund’s stock worth $9,790,000 after acquiring an additional 201,691 shares during the last quarter. Nomura Holdings Inc. increased its holdings in MFS Municipal Income Trust by 57.8% in the 4th quarter. Nomura Holdings Inc. now owns 25,000 shares of the closed-end fund’s stock worth $134,000 after acquiring an additional 9,156 shares during the last quarter. Logan Stone Capital LLC increased its holdings in MFS Municipal Income Trust by 1.3% in the 4th quarter. Logan Stone Capital LLC now owns 402,423 shares of the closed-end fund’s stock worth $2,153,000 after acquiring an additional 5,244 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in MFS Municipal Income Trust by 12.8% in the 4th quarter. Cetera Investment Advisers now owns 22,341 shares of the closed-end fund’s stock worth $120,000 after acquiring an additional 2,536 shares during the last quarter.

MFS Municipal Income Trust Price Performance

Shares of MFM opened at $5.09 on Wednesday. The business has a 50-day moving average of $5.12 and a 200 day moving average of $5.33. MFS Municipal Income Trust has a fifty-two week low of $4.94 and a fifty-two week high of $5.78.

MFS Municipal Income Trust Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.024 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 17th.

MFS Municipal Income Trust Profile

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.