MFS Municipal Income Trust (NYSE:MFM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

MFS Municipal Income Trust (NYSE:MFM) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.52 and traded as low as $5.29. MFS Municipal Income Trust shares last traded at $5.30, with a volume of 89,635 shares.

MFS Municipal Income Trust Price Performance

The stock has a fifty day moving average of $5.44 and a two-hundred day moving average of $5.52.

MFS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Tuesday, March 18th.

Institutional Investors Weigh In On MFS Municipal Income Trust

Several large investors have recently made changes to their positions in MFM. Janney Montgomery Scott LLC boosted its position in MFS Municipal Income Trust by 6.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 573,615 shares of the closed-end fund’s stock worth $3,069,000 after purchasing an additional 36,785 shares during the period. Van ECK Associates Corp lifted its stake in shares of MFS Municipal Income Trust by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 346,432 shares of the closed-end fund’s stock worth $1,853,000 after purchasing an additional 15,058 shares in the last quarter. Choreo LLC lifted its stake in shares of MFS Municipal Income Trust by 9.0% during the fourth quarter. Choreo LLC now owns 98,145 shares of the closed-end fund’s stock worth $524,000 after purchasing an additional 8,079 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of MFS Municipal Income Trust by 7.2% in the fourth quarter. Park Avenue Securities LLC now owns 134,564 shares of the closed-end fund’s stock worth $720,000 after buying an additional 8,993 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of MFS Municipal Income Trust by 5.9% in the third 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 in the last quarter.

MFS Municipal Income Trust Company Profile

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.