MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be given a dividend of 0.034 per share on Friday, August 29th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, August 19th.
MFS Investment Grade Municipal Trust Stock Up 0.1%
MFS Investment Grade Municipal Trust stock traded up $0.01 during midday trading on Friday, hitting $7.53. 1,340 shares of the company were exchanged, compared to its average volume of 21,924. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.34 and a fifty-two week high of $8.36. The business has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $7.75.
Hedge Funds Weigh In On MFS Investment Grade Municipal Trust
Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in MFS Investment Grade Municipal Trust during the fourth quarter worth approximately $230,000. Bulldog Investors LLP boosted its position in MFS Investment Grade Municipal Trust by 58.2% during the fourth quarter. Bulldog Investors LLP now owns 710,459 shares of the company's stock worth $5,679,000 after purchasing an additional 261,451 shares in the last quarter. Bank of New York Mellon Corp boosted its position in MFS Investment Grade Municipal Trust by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 75,105 shares of the company's stock worth $595,000 after purchasing an additional 5,703 shares in the last quarter. LPL Financial LLC boosted its position in MFS Investment Grade Municipal Trust by 52.0% during the fourth quarter. LPL Financial LLC now owns 18,137 shares of the company's stock worth $145,000 after purchasing an additional 6,201 shares in the last quarter. Finally, Icon Advisers Inc. Co. boosted its position in MFS Investment Grade Municipal Trust by 3.3% during the fourth quarter. Icon Advisers Inc. Co. now owns 244,295 shares of the company's stock worth $1,952,000 after purchasing an additional 7,777 shares in the last quarter.
About MFS Investment Grade Municipal Trust
(
Get Free Report)
MFS Investment Grade Municipal 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.
See Also
Before you consider MFS Investment Grade Municipal Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Investment Grade Municipal Trust wasn't on the list.
While MFS Investment Grade Municipal Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
