Saba Capital Management L.P. trimmed its stake in MFS High Income Municipal Trust (NYSE:CXE - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,248,261 shares of the company's stock after selling 573,035 shares during the period. Saba Capital Management L.P.'s holdings in MFS High Income Municipal Trust were worth $8,274,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CXE. Jane Street Group LLC bought a new position in MFS High Income Municipal Trust in the fourth quarter worth about $43,000. Thompson Siegel & Walmsley LLC bought a new position in shares of MFS High Income Municipal Trust in the 4th quarter worth approximately $46,000. Advisory Services Network LLC bought a new position in shares of MFS High Income Municipal Trust in the 4th quarter worth approximately $67,000. Collar Capital Management LLC purchased a new position in shares of MFS High Income Municipal Trust in the 4th quarter valued at approximately $74,000. Finally, Nomura Holdings Inc. bought a new stake in shares of MFS High Income Municipal Trust during the fourth quarter valued at approximately $110,000. Institutional investors own 34.37% of the company's stock.
MFS High Income Municipal Trust Stock Down 0.1%
Shares of NYSE:CXE traded down $0.01 during midday trading on Thursday, reaching $3.51. The company's stock had a trading volume of 19,731 shares, compared to its average volume of 73,125. The firm has a 50 day moving average of $3.58 and a 200-day moving average of $3.70. MFS High Income Municipal Trust has a 12-month low of $3.38 and a 12-month high of $4.03.
MFS High Income Municipal Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.017 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.20 annualized dividend and a yield of 5.82%. This is a positive change from MFS High Income Municipal Trust's previous monthly dividend of $0.02.
MFS High Income Municipal Trust Profile
(
Free Report)
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.
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