Janney Montgomery Scott LLC Buys 6,488 Shares of MFS Municipal Income Trust (NYSE:MFM)

Janney Montgomery Scott LLC boosted its position in MFS Municipal Income Trust (NYSE:MFM) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,747 shares of the closed-end fund’s stock after purchasing an additional 6,488 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MFS Municipal Income Trust were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Baird Financial Group Inc. bought a new position in MFS Municipal Income Trust during the 2nd quarter worth approximately $94,000. Integrated Capital Management Inc. increased its position in shares of MFS Municipal Income Trust by 10.4% during the third quarter. Integrated Capital Management Inc. now owns 16,289 shares of the closed-end fund’s stock valued at $105,000 after buying an additional 1,530 shares during the period. Ackerman Capital Advisors LLC bought a new position in shares of MFS Municipal Income Trust in the 3rd quarter worth approximately $202,000. Partnervest Advisory Services LLC boosted its holdings in shares of MFS Municipal Income Trust by 8.3% during the 3rd quarter. Partnervest Advisory Services LLC now owns 34,250 shares of the closed-end fund’s stock valued at $220,000 after buying an additional 2,624 shares in the last quarter. Finally, Naples Global Advisors LLC bought a new stake in MFS Municipal Income Trust during the third quarter worth about $279,000.

Shares of MFS Municipal Income Trust stock opened at $6.53 on Friday. MFS Municipal Income Trust has a 52-week low of $4.85 and a 52-week high of $7.50. The company has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $6.38.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be paid a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Tuesday, November 17th.

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.

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Institutional Ownership by Quarter for MFS Municipal Income Trust (NYSE:MFM)