Mackay Shields LLC grew its position in shares of MFS Municipal Income Trust (NYSE:MFM) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,137 shares of the closed-end fund’s stock after purchasing an additional 12,258 shares during the period. Mackay Shields LLC owned about 1.08% of MFS Municipal Income Trust worth $2,909,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of MFM. Advisor Group Inc. bought a new stake in MFS Municipal Income Trust during the fourth quarter worth about $133,000. Doliver Capital Advisors LP lifted its stake in MFS Municipal Income Trust by 106.7% during the fourth quarter. Doliver Capital Advisors LP now owns 40,274 shares of the closed-end fund’s stock worth $277,000 after purchasing an additional 20,793 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in MFS Municipal Income Trust by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,082,235 shares of the closed-end fund’s stock worth $7,434,000 after purchasing an additional 66,919 shares during the last quarter. 12.17% of the stock is owned by hedge funds and other institutional investors.
Shares of MFM stock opened at $6.52 on Thursday. MFS Municipal Income Trust has a 12-month low of $6.51 and a 12-month high of $6.51.
The company also recently declared a monthly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.0305 per share. This represents a $0.37 annualized dividend and a yield of 5.61%. The ex-dividend date is Tuesday, May 15th.
About MFS Municipal Income Trust
There is no company description available for MFS Municipal Income Trust.
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