Riverbridge Partners LLC increased its holdings in Mfs Muni Inc Tr (NYSE:MFM – Free Report) by 122.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 551,587 shares of the closed-end fund’s stock after purchasing an additional 303,685 shares during the period. Riverbridge Partners LLC’s holdings in Mfs Muni Inc Tr were worth $2,675,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MFM. Allspring Global Investments Holdings LLC increased its position in shares of Mfs Muni Inc Tr by 3,800.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 768,672 shares of the closed-end fund’s stock valued at $3,728,000 after purchasing an additional 748,967 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Mfs Muni Inc Tr during the 3rd quarter worth $127,000. Kestra Advisory Services LLC raised its holdings in shares of Mfs Muni Inc Tr by 54.1% in the third quarter. Kestra Advisory Services LLC now owns 79,255 shares of the closed-end fund’s stock valued at $384,000 after acquiring an additional 27,808 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Mfs Muni Inc Tr by 112.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 47,138 shares of the closed-end fund’s stock valued at $237,000 after purchasing an additional 24,914 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. raised its stake in Mfs Muni Inc Tr by 76.2% in the third quarter. City of London Investment Management Co. Ltd. now owns 572,426 shares of the closed-end fund’s stock worth $2,776,000 after buying an additional 247,539 shares in the last quarter.
Mfs Muni Inc Tr Price Performance
MFM opened at $5.16 on Wednesday. The stock has a fifty day moving average price of $5.08 and a 200-day moving average price of $5.35. Mfs Muni Inc Tr has a 12 month low of $4.75 and a 12 month high of $5.67.
Mfs Muni Inc Tr Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.36 dividend on an annualized basis and a yield of 7.0%.
About Mfs Muni Inc Tr
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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