Almitas Capital LLC Has $3.39 Million Stock Position in MFS High Income Municipal Trust (NYSE:CXE)

Almitas Capital LLC raised its holdings in shares of MFS High Income Municipal Trust (NYSE:CXE - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 921,837 shares of the company's stock after buying an additional 200,984 shares during the period. MFS High Income Municipal Trust comprises 0.7% of Almitas Capital LLC's investment portfolio, making the stock its 26th largest position. Almitas Capital LLC's holdings in MFS High Income Municipal Trust were worth $3,392,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Whitebox Advisors LLC lifted its stake in shares of MFS High Income Municipal Trust by 96.5% in the fourth quarter. Whitebox Advisors LLC now owns 229,223 shares of the company's stock worth $844,000 after acquiring an additional 112,598 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of MFS High Income Municipal Trust by 1.9% in the 4th quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company's stock worth $2,282,000 after buying an additional 11,405 shares during the last quarter. HighTower Advisors LLC boosted its stake in MFS High Income Municipal Trust by 70.0% in the fourth quarter. HighTower Advisors LLC now owns 32,531 shares of the company's stock valued at $120,000 after acquiring an additional 13,393 shares during the period. Raymond James Financial Inc. acquired a new stake in MFS High Income Municipal Trust in the fourth quarter worth $321,000. Finally, Noble Wealth Management PBC bought a new position in shares of MFS High Income Municipal Trust during the fourth quarter worth about $501,000. 34.37% of the stock is owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Stock Down 0.9 %

MFS High Income Municipal Trust stock traded down $0.03 during trading hours on Monday, hitting $3.56. 169,417 shares of the company traded hands, compared to its average volume of 71,777. The firm's 50-day simple moving average is $3.64 and its two-hundred day simple moving average is $3.72. MFS High Income Municipal Trust has a 1-year low of $3.38 and a 1-year high of $4.03.

MFS High Income Municipal Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.017 dividend. This is an increase from MFS High Income Municipal Trust's previous monthly dividend of $0.02. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Tuesday, May 13th.

MFS High Income Municipal Trust Profile

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.