Amarillo National Bank Takes $62,000 Position in MFS Municipal Income Trust (NYSE:MFM)

Amarillo National Bank acquired a new position in MFS Municipal Income Trust (NYSE:MFM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,502 shares of the closed-end fund’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MFM. Van ECK Associates Corp increased its stake in MFS Municipal Income Trust by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock valued at $1,853,000 after acquiring an additional 15,058 shares during the period. Choreo LLC increased its position in shares of MFS Municipal Income Trust by 9.0% during the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock valued at $524,000 after purchasing an additional 8,079 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of MFS Municipal Income Trust by 6.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock valued at $3,069,000 after purchasing an additional 36,785 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in MFS Municipal Income Trust by 49.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,230 shares of the closed-end fund’s stock worth $146,000 after purchasing an additional 9,000 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in MFS Municipal Income Trust by 7.2% during the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock worth $720,000 after buying an additional 8,993 shares in the last quarter.

MFS Municipal Income Trust Stock Performance

Shares of MFM stock opened at $5.51 on Friday. The firm has a fifty day moving average of $5.42 and a 200-day moving average of $5.55. MFS Municipal Income Trust has a 52-week low of $5.05 and a 52-week high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.69%. The ex-dividend date is Tuesday, February 18th.

MFS Municipal Income Trust 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.