Raymond James Financial Services Advisors Inc. grew its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 99.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,754 shares of the closed-end fund’s stock after purchasing an additional 34,365 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.17% of MFS Municipal Income Trust worth $489,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in MFS Municipal Income Trust by 13.0% in the 2nd quarter. Van ECK Associates Corp now owns 99,309 shares of the closed-end fund’s stock valued at $706,000 after purchasing an additional 11,439 shares during the period. Laurion Capital Management LP grew its position in MFS Municipal Income Trust by 762.2% in the 2nd quarter. Laurion Capital Management LP now owns 175,437 shares of the closed-end fund’s stock valued at $1,247,000 after purchasing an additional 155,090 shares during the period. Ameriprise Financial Inc. grew its position in MFS Municipal Income Trust by 37.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 143,536 shares of the closed-end fund’s stock valued at $1,021,000 after purchasing an additional 38,976 shares during the period. Wedbush Securities Inc. grew its position in MFS Municipal Income Trust by 8.5% in the 2nd quarter. Wedbush Securities Inc. now owns 19,200 shares of the closed-end fund’s stock valued at $137,000 after purchasing an additional 1,500 shares during the period. Finally, Traynor Capital Management Inc. grew its position in MFS Municipal Income Trust by 41.5% in the 2nd quarter. Traynor Capital Management Inc. now owns 80,565 shares of the closed-end fund’s stock valued at $580,000 after purchasing an additional 23,628 shares during the period. Hedge funds and other institutional investors own 10.58% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/raymond-james-financial-services-advisors-inc-has-489000-holdings-in-mfs-municipal-income-trust-mfm/1677889.html.

Shares of MFS Municipal Income Trust (NYSE MFM) opened at $6.90 on Friday.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a $0.0315 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.38 dividend on an annualized basis and a yield of 5.48%.

MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.

Want to see what other hedge funds are holding MFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS Municipal Income Trust (NYSE:MFM).

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

Receive News & Ratings for MFS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Municipal Income Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.