MFS Municipal Income Trust (NYSE:MFM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

MFS Municipal Income Trust (NYSE:MFM – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.53 and traded as low as $5.26. MFS Municipal Income Trust shares last traded at $5.32, with a volume of 205,749 shares trading hands.

MFS Municipal Income Trust Stock Performance

The stock’s 50 day moving average is $5.56 and its 200-day moving average is $5.53.

MFS Municipal Income Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.0215 per share. The ex-dividend date is Tuesday, December 17th.

Hedge Funds Weigh In On MFS Municipal Income Trust

Several hedge funds have recently bought and sold shares of MFM. Aviance Capital Partners LLC grew its holdings in shares of MFS Municipal Income Trust by 6.1% in the third quarter. Aviance Capital Partners LLC now owns 34,069 shares of the closed-end fund’s stock worth $195,000 after purchasing an additional 1,945 shares during the last quarter. MML Investors Services LLC boosted its position in MFS Municipal Income Trust by 5.9% in the 3rd quarter. MML Investors Services LLC now owns 39,303 shares of the closed-end fund’s stock valued at $225,000 after buying an additional 2,206 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in MFS Municipal Income Trust by 19.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 15,401 shares of the closed-end fund’s stock worth $84,000 after acquiring an additional 2,501 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of MFS Municipal Income Trust by 16.5% during the third quarter. Avior Wealth Management LLC now owns 23,189 shares of the closed-end fund’s stock worth $133,000 after acquiring an additional 3,282 shares during the period. Finally, Choreo LLC raised its stake in shares of MFS Municipal Income Trust by 5.0% during the second quarter. Choreo LLC now owns 85,486 shares of the closed-end fund’s stock valued at $456,000 after acquiring an additional 4,078 shares in the last quarter.

About MFS Municipal Income Trust

(Get Free Report)

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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