Wolverine Asset Management LLC Sells 63,891 Shares of MFS Municipal Income Trust (NYSE:MFM)

Wolverine Asset Management LLC decreased its position in MFS Municipal Income Trust (NYSE:MFM) by 80.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,767 shares of the closed-end fund’s stock after selling 63,891 shares during the quarter. Wolverine Asset Management LLC’s holdings in MFS Municipal Income Trust were worth $84,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Amarillo National Bank bought a new position in shares of MFS Municipal Income Trust during the fourth quarter valued at $62,000. Avior Wealth Management LLC increased its holdings in shares of MFS Municipal Income Trust by 16.5% during the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock valued at $133,000 after acquiring an additional 3,282 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of MFS Municipal Income Trust by 49.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock valued at $146,000 after acquiring an additional 9,000 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of MFS Municipal Income Trust by 66.2% during the third quarter. HighTower Advisors LLC now owns 32,726 shares of the closed-end fund’s stock valued at $183,000 after acquiring an additional 13,030 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in shares of MFS Municipal Income Trust by 6.1% during the third quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after acquiring an additional 1,945 shares in the last quarter.

MFS Municipal Income Trust Stock Performance

Shares of NYSE:MFM opened at $5.48 on Tuesday. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78. The business has a fifty day moving average price of $5.41 and a 200-day moving average price of $5.55.

MFS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.26 annualized dividend and a dividend yield of 4.71%.

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.