Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) announced a monthly dividend on Friday, September 11th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.03 per share by the closed-end fund on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 22nd.
Mfs Muni Inc Tr Stock Performance
NYSE:MFM opened at $5.11 on Friday. The stock’s 50-day moving average is $5.37 and its 200-day moving average is $5.41. Mfs Muni Inc Tr has a 1-year low of $5.08 and a 1-year high of $5.67.
Hedge Funds Weigh In On Mfs Muni Inc Tr
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Mfs Muni Inc Tr by 1.1% during the first quarter. Bank of America Corp DE now owns 1,605,668 shares of the closed-end fund’s stock valued at $8,655,000 after acquiring an additional 18,174 shares during the last quarter. Robinson Capital Management LLC lifted its holdings in shares of Mfs Muni Inc Tr by 501.1% during the second quarter. Robinson Capital Management LLC now owns 1,076,957 shares of the closed-end fund’s stock worth $6,052,000 after purchasing an additional 897,784 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Mfs Muni Inc Tr by 28.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,024,569 shares of the closed-end fund’s stock worth $5,758,000 after purchasing an additional 224,810 shares during the period. Rivernorth Capital Management LLC grew its stake in shares of Mfs Muni Inc Tr by 12.0% in the first quarter. Rivernorth Capital Management LLC now owns 908,050 shares of the closed-end fund’s stock worth $4,894,000 after purchasing an additional 97,052 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Mfs Muni Inc Tr by 103.0% in the second quarter. NewEdge Advisors LLC now owns 320,314 shares of the closed-end fund’s stock worth $1,800,000 after purchasing an additional 162,503 shares during the last quarter.
Mfs Muni Inc Tr Company Profile
MFS Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol MFM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.
The trust’s portfolio may include obligations issued by states, municipalities and other governmental entities, as well as securities issued to finance public infrastructure and essential services. Its investments generally span municipal issuers across the United States, with portfolio composition and geographic exposure changing over time based on market conditions and the fund’s investment strategy.
MFS Municipal Income Trust is managed by MFS Investment Management, an investment management firm that provides portfolio management and related services to mutual funds, closed-end funds and other institutional and individual investors.
Recommended Stories
- Five stocks we like better than Mfs Muni Inc Tr
- SpaceX and NVIDIA Want to Put AI Data Centers in Orbit
- These 3 Stocks Sit at the Center of NVIDIA’s Cybersecurity Push
- Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing
- Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits
Receive News & Ratings for Mfs Muni Inc Tr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mfs Muni Inc Tr and related companies with MarketBeat.com's FREE daily email newsletter.
