Balanced Wealth Group LLC Has $215,000 Stake in MFS Municipal Income Trust (NYSE:MFM)

Balanced Wealth Group LLC decreased its stake in shares of MFS Municipal Income Trust (NYSE:MFM) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 37,564 shares of the closed-end fund’s stock after selling 7,703 shares during the quarter. Balanced Wealth Group LLC’s holdings in MFS Municipal Income Trust were worth $215,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its stake in MFS Municipal Income Trust by 19.4% during the second quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock valued at $84,000 after acquiring an additional 2,501 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of MFS Municipal Income Trust during the second quarter valued at approximately $104,000. Wolverine Asset Management LLC raised its stake in shares of MFS Municipal Income Trust by 78.0% in the second quarter. Wolverine Asset Management LLC now owns 43,996 shares of the closed-end fund’s stock valued at $240,000 after purchasing an additional 19,278 shares in the last quarter. Rothschild Investment LLC bought a new position in MFS Municipal Income Trust in the second quarter worth $317,000. Finally, Choreo LLC acquired a new stake in MFS Municipal Income Trust during the first quarter worth $437,000.

MFS Municipal Income Trust Price Performance

Shares of MFS Municipal Income Trust stock opened at $5.60 on Friday. MFS Municipal Income Trust has a 52-week low of $4.39 and a 52-week high of $5.78. The company’s fifty day moving average price is $5.65 and its two-hundred day moving average price is $5.43.

MFS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.61%. The ex-dividend date was Tuesday, October 15th.

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.