MFS Municipal Income Trust (NYSE:MFM – Get Rating) declared a monthly dividend on Friday, June 2nd, Wall Street Journal reports. Investors of record on Wednesday, June 14th will be paid a dividend of 0.018 per share by the closed-end fund on Friday, June 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, June 13th.
MFS Municipal Income Trust Stock Performance
Shares of NYSE MFM traded up $0.01 during mid-day trading on Monday, reaching $5.10. The company had a trading volume of 17,947 shares, compared to its average volume of 85,170. The company has a 50-day moving average price of $5.12 and a two-hundred day moving average price of $5.16. MFS Municipal Income Trust has a 1-year low of $4.66 and a 1-year high of $5.94.
Hedge Funds Weigh In On MFS Municipal Income Trust
Hedge funds have recently modified their holdings of the stock. Graves Light Lenhart Wealth Inc. acquired a new position in shares of MFS Municipal Income Trust in the 1st quarter worth $33,000. Silverlake Wealth Management LLC purchased a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at $59,000. Nomura Holdings Inc. purchased a new position in shares of MFS Municipal Income Trust during the second quarter valued at $63,000. Chicago Partners Investment Group LLC grew its holdings in shares of MFS Municipal Income Trust by 48.0% during the first quarter. Chicago Partners Investment Group LLC now owns 14,800 shares of the closed-end fund’s stock valued at $80,000 after buying an additional 4,800 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at $87,000. 19.68% of the stock is currently owned by institutional investors and hedge funds.
About MFS Municipal Income Trust
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.
See Also
- Get a free copy of the StockNews.com research report on MFS Municipal Income Trust (MFM)
- Can Cardinal Health Fly Higher In 2023?
- DraftKings Stock, Is There Royally Good Upside Ahead?
- Disney Stock Could Double: Return To Historical Performance
- For AI Exposure, Try Global Artificial Intelligence ETF
- 3 Penny Stocks The Insiders Are BuyingÂ
Receive News & Ratings for MFS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
