Cohen & Steers Inc. Buys New Holdings in MFS Municipal Income Trust (MFM)

Cohen & Steers Inc. bought a new position in shares of MFS Municipal Income Trust (NYSE:MFM) during the 4th quarter, Holdings Channel reports. The institutional investor bought 68,172 shares of the closed-end fund’s stock, valued at approximately $419,000.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in MFS Municipal Income Trust by 45.2% during the second quarter. Bank of America Corp DE now owns 112,230 shares of the closed-end fund’s stock valued at $740,000 after acquiring an additional 34,940 shares in the last quarter. Private Advisor Group LLC raised its position in MFS Municipal Income Trust by 41.9% during the third quarter. Private Advisor Group LLC now owns 64,969 shares of the closed-end fund’s stock valued at $422,000 after acquiring an additional 19,185 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in MFS Municipal Income Trust during the third quarter valued at approximately $199,000. Advisors Asset Management Inc. raised its position in MFS Municipal Income Trust by 23.7% during the third quarter. Advisors Asset Management Inc. now owns 121,852 shares of the closed-end fund’s stock valued at $791,000 after acquiring an additional 23,378 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in MFS Municipal Income Trust during the third quarter valued at approximately $697,000. 12.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MFM stock opened at $6.73 on Friday. MFS Municipal Income Trust has a twelve month low of $6.04 and a twelve month high of $6.90.

The business also recently declared a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a dividend of $0.029 per share. This represents a $0.35 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Tuesday, March 12th.

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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.

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Institutional Ownership by Quarter for MFS Municipal Income Trust (NYSE:MFM)

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