Bridgewater Advisors Inc. Invests $532,000 in Mfs Muni Inc Tr $MFM

Bridgewater Advisors Inc. purchased a new position in Mfs Muni Inc Tr (NYSE:MFM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 104,640 shares of the closed-end fund’s stock, valued at approximately $532,000. Bridgewater Advisors Inc. owned 0.21% of Mfs Muni Inc Tr at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MFM. Landscape Capital Management L.L.C. boosted its position in Mfs Muni Inc Tr by 21.9% during the first quarter. Landscape Capital Management L.L.C. now owns 15,993 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 2,869 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Mfs Muni Inc Tr during the 1st quarter worth $105,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Mfs Muni Inc Tr in the 1st quarter worth about $108,000. Wolverine Asset Management LLC grew its stake in Mfs Muni Inc Tr by 34.8% in the 1st quarter. Wolverine Asset Management LLC now owns 21,250 shares of the closed-end fund’s stock valued at $113,000 after acquiring an additional 5,483 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Mfs Muni Inc Tr by 24.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 26,378 shares of the closed-end fund’s stock valued at $137,000 after acquiring an additional 5,188 shares during the last quarter.

Mfs Muni Inc Tr Stock Performance

Shares of MFM opened at $5.37 on Tuesday. Mfs Muni Inc Tr has a 12-month low of $4.94 and a 12-month high of $5.72. The company has a 50-day moving average of $5.33 and a two-hundred day moving average of $5.20.

Mfs Muni Inc Tr Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 14th were given a dividend of $0.024 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, October 14th.

Mfs Muni Inc Tr 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.