Mfs Muni Inc Tr $MFM Position Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its holdings in Mfs Muni Inc Tr (NYSE:MFM) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 675,044 shares of the closed-end fund’s stock after purchasing an additional 155,576 shares during the period. Hennion & Walsh Asset Management Inc. owned about 1.38% of Mfs Muni Inc Tr worth $3,665,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NWF Advisory Services Inc. purchased a new position in Mfs Muni Inc Tr during the second quarter valued at approximately $52,000. Colonial Trust Advisors purchased a new stake in Mfs Muni Inc Tr in the 3rd quarter worth approximately $62,000. World Investment Advisors acquired a new stake in shares of Mfs Muni Inc Tr during the 3rd quarter valued at $77,000. Activest Wealth Management acquired a new stake in shares of Mfs Muni Inc Tr during the 3rd quarter valued at $80,000. Finally, Jane Street Group LLC purchased a new position in shares of Mfs Muni Inc Tr during the 2nd quarter valued at $96,000.

Mfs Muni Inc Tr Stock Down 0.6%

NYSE MFM opened at $5.22 on Tuesday. Mfs Muni Inc Tr has a 1-year low of $4.94 and a 1-year high of $5.67. The firm’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $5.41.

Mfs Muni Inc Tr Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.024 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.