Avior Wealth Management LLC Purchases 3,282 Shares of MFS Municipal Income Trust (NYSE:MFM)

Avior Wealth Management LLC raised its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 16.5% in the third quarter, Holdings Channel reports. The fund owned 23,189 shares of the closed-end fund’s stock after buying an additional 3,282 shares during the quarter. Avior Wealth Management LLC’s holdings in MFS Municipal Income Trust were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Pathstone Holdings LLC boosted its holdings in MFS Municipal Income Trust by 14.8% during the third quarter. Pathstone Holdings LLC now owns 1,625,347 shares of the closed-end fund’s stock valued at $9,298,000 after acquiring an additional 209,439 shares during the period. Aviance Capital Partners LLC raised its position in shares of MFS Municipal Income Trust by 6.1% during the third quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock valued at $195,000 after buying an additional 1,945 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of MFS Municipal Income Trust by 81.1% during the third quarter. Wolverine Asset Management LLC now owns 79,658 shares of the closed-end fund’s stock valued at $456,000 after buying an additional 35,662 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of MFS Municipal Income Trust by 3.9% during the third quarter. Janney Montgomery Scott LLC now owns 536,830 shares of the closed-end fund’s stock valued at $3,071,000 after buying an additional 20,057 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of MFS Municipal Income Trust during the second quarter valued at about $104,000.

MFS Municipal Income Trust Stock Up 0.2 %

Shares of MFM opened at $5.54 on Friday. The company has a 50-day simple moving average of $5.63 and a 200-day simple moving average of $5.48. MFS Municipal Income Trust has a 52 week low of $4.91 and a 52 week high of $5.78.

MFS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.