MFS Municipal Income Trust (NYSE:MFM) Shares Acquired by Logan Stone Capital LLC

Logan Stone Capital LLC grew its position in MFS Municipal Income Trust (NYSE:MFM) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,423 shares of the closed-end fund’s stock after acquiring an additional 5,244 shares during the quarter. MFS Municipal Income Trust comprises approximately 0.7% of Logan Stone Capital LLC’s portfolio, making the stock its 22nd biggest position. Logan Stone Capital LLC’s holdings in MFS Municipal Income Trust were worth $2,153,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MFM. Park Avenue Securities LLC boosted its holdings in shares of MFS Municipal Income Trust by 7.2% in the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock valued at $720,000 after acquiring an additional 8,993 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of MFS Municipal Income Trust by 49.4% during 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. Janney Montgomery Scott LLC raised its position in 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 worth $3,069,000 after acquiring an additional 36,785 shares in the last quarter. Choreo LLC raised its position in MFS Municipal Income Trust by 9.0% in the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock worth $524,000 after acquiring an additional 8,079 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of MFS Municipal Income Trust by 4.5% in 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 buying an additional 15,058 shares in the last quarter.

MFS Municipal Income Trust Stock Performance

Shares of MFM stock opened at $5.20 on Monday. MFS Municipal Income Trust has a fifty-two week low of $4.94 and a fifty-two week high of $5.78. The business has a fifty day simple moving average of $5.24 and a 200-day simple moving average of $5.40.

MFS Municipal Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.08%. This is a positive change from MFS Municipal Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, May 13th.

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.