Balanced Wealth Group LLC Acquires New Holdings in MFS Municipal Income Trust (NYSE:MFM)

Balanced Wealth Group LLC acquired a new position in MFS Municipal Income Trust (NYSE:MFM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 127,871 shares of the closed-end fund’s stock, valued at approximately $661,000.

Other institutional investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. acquired a new position in shares of MFS Municipal Income Trust in the 4th quarter valued at $64,000. Landscape Capital Management L.L.C. boosted its position in shares of MFS Municipal Income Trust by 44.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 18,278 shares of the closed-end fund’s stock worth $83,000 after acquiring an additional 5,599 shares in the last quarter. Foresight Capital Management Advisors Inc. acquired a new position in shares of MFS Municipal Income Trust during the 4th quarter worth about $104,000. Drive Wealth Management LLC boosted its position in shares of MFS Municipal Income Trust by 16.1% in the 4th quarter. Drive Wealth Management LLC now owns 21,600 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 3,000 shares during the period. Finally, Fort Point Capital Partners LLC boosted its position in shares of MFS Municipal Income Trust by 109.8% in the 3rd quarter. Fort Point Capital Partners LLC now owns 24,908 shares of the closed-end fund’s stock valued at $113,000 after purchasing an additional 13,037 shares during the period.

MFS Municipal Income Trust Stock Up 1.7 %

Shares of NYSE MFM traded up $0.09 during trading hours on Wednesday, reaching $5.31. The stock had a trading volume of 95,633 shares, compared to its average volume of 95,812. MFS Municipal Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $5.48. The firm has a 50-day moving average of $5.23 and a 200-day moving average of $5.11.

MFS Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.0205 dividend. This represents a $0.25 annualized dividend and a yield of 4.63%. The ex-dividend date is Tuesday, May 14th.

MFS Municipal Income Trust Company 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.