Aviance Capital Partners LLC Has $218,000 Holdings in MFS Municipal Income Trust (NYSE:MFM)

Aviance Capital Partners LLC grew its holdings in shares of MFS Municipal Income Trust (NYSE:MFM) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,664 shares of the closed-end fund’s stock after purchasing an additional 6,595 shares during the period. Aviance Capital Partners LLC’s holdings in MFS Municipal Income Trust were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Novus Advisors LLC acquired a new position in shares of MFS Municipal Income Trust during the 4th quarter worth approximately $116,000. Raymond James Financial Inc. acquired a new stake in shares of MFS Municipal Income Trust during the 4th quarter worth approximately $997,000. Noble Wealth Management PBC acquired a new stake in shares of MFS Municipal Income Trust during the 4th quarter worth approximately $234,000. Amarillo National Bank acquired a new stake in shares of MFS Municipal Income Trust during the 4th quarter worth approximately $62,000. Finally, Van ECK Associates Corp boosted its position in shares of MFS Municipal Income Trust by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock worth $1,853,000 after acquiring an additional 15,058 shares in the last quarter.

MFS Municipal Income Trust Trading Down 0.3 %

NYSE MFM opened at $5.45 on Friday. The firm’s 50 day simple moving average is $5.43 and its 200 day simple moving average is $5.55. MFS Municipal Income Trust has a 1 year low of $5.05 and a 1 year high of $5.78.

MFS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0215 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.26 annualized dividend and a dividend yield of 4.74%.

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.