95,776 Shares in MFS Municipal Income Trust (NYSE:MFM) Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new stake in MFS Municipal Income Trust (NYSE:MFM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 95,776 shares of the closed-end fund’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley lifted its position in shares of MFS Municipal Income Trust by 33.2% in the fourth quarter. Morgan Stanley now owns 1,863,385 shares of the closed-end fund’s stock worth $9,652,000 after purchasing an additional 464,829 shares in the last quarter. Advisor Partners II LLC bought a new position in shares of MFS Municipal Income Trust in the 3rd quarter valued at about $1,615,000. UBS Group AG increased its position in shares of MFS Municipal Income Trust by 284.3% in the first quarter. UBS Group AG now owns 461,980 shares of the closed-end fund’s stock valued at $2,467,000 after acquiring an additional 341,780 shares during the last quarter. Bank of America Corp DE raised its holdings in MFS Municipal Income Trust by 336.5% during the first quarter. Bank of America Corp DE now owns 375,808 shares of the closed-end fund’s stock worth $2,300,000 after acquiring an additional 289,712 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in MFS Municipal Income Trust during the third quarter valued at approximately $1,048,000.

MFS Municipal Income Trust Stock Down 0.1 %

MFM stock traded down $0.00 during mid-day trading on Wednesday, reaching $5.10. The company had a trading volume of 79,190 shares, compared to its average volume of 76,038. MFS Municipal Income Trust has a 52 week low of $4.37 and a 52 week high of $5.48. The stock has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $5.05.

MFS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be issued a $0.0205 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.82%.

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.