MFS Municipal Income Trust (MFM) Shares Bought by Mackay Shields LLC

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.

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

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