MFS High Income Municipal Trust $CXE Shares Acquired by Almitas Capital LLC

Key Points

• Almitas Capital LLC increased its stake in MFS High Income Municipal Trust (NYSE: CXE) by 13.6%, owning over 1 million shares valued at approximately $3.86 million.
• The stock has a dividend yield of 6.1%, with a recent monthly dividend payment of $0.018 made to shareholders.
• MFS High Income Municipal Trust's shares have traded between $3.38 and $4.03 over the past year, indicating potential volatility in the market.

Almitas Capital LLC boosted its holdings in MFS High Income Municipal Trust (NYSE:CXE - Free Report) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,047,002 shares of the company's stock after acquiring an additional 125,165 shares during the quarter. MFS High Income Municipal Trust comprises approximately 1.3% of Almitas Capital LLC's portfolio, making the stock its 12th biggest holding. Almitas Capital LLC owned about 2.81% of MFS High Income Municipal Trust worth $3,863,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Noble Wealth Management PBC raised its holdings in shares of MFS High Income Municipal Trust by 4.8% during the 1st quarter. Noble Wealth Management PBC now owns 142,585 shares of the company's stock valued at $526,000 after buying an additional 6,560 shares during the period. Jane Street Group LLC acquired a new stake in MFS High Income Municipal Trust in the fourth quarter valued at approximately $43,000. XTX Topco Ltd acquired a new stake in MFS High Income Municipal Trust in the first quarter valued at approximately $43,000. Thomas J. Herzfeld Advisors Inc. grew its position in MFS High Income Municipal Trust by 23.5% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 93,879 shares of the company's stock valued at $346,000 after acquiring an additional 17,843 shares in the last quarter. Finally, Collar Capital Management LLC acquired a new stake in MFS High Income Municipal Trust in the fourth quarter valued at approximately $74,000. Hedge funds and other institutional investors own 34.37% of the company's stock.

MFS High Income Municipal Trust Stock Up 1.1%

NYSE:CXE traded up $0.04 during trading hours on Monday, hitting $3.62. The stock had a trading volume of 58,047 shares, compared to its average volume of 80,935. MFS High Income Municipal Trust has a 1-year low of $3.38 and a 1-year high of $4.03. The business has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $3.58.

MFS High Income Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.018 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 6.0%.

MFS High Income Municipal Trust Company 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.