Novus Advisors LLC Buys Shares of 21,735 MFS Municipal Income Trust (NYSE:MFM)

Novus Advisors LLC purchased a new position in shares of MFS Municipal Income Trust (NYSE:MFM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,735 shares of the closed-end fund’s stock, valued at approximately $116,000.

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

MFS Municipal Income Trust Trading Down 1.2 %

Shares of NYSE MFM opened at $5.50 on Friday. The business’s 50 day moving average price is $5.43 and its 200 day moving average price is $5.55. MFS Municipal Income Trust has a 52 week low of $5.05 and a 52 week high of $5.78.

MFS Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.26 dividend on an annualized basis and a yield of 4.70%.

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.