Raymond James Financial Inc. purchased a new position in MFS High Income Municipal Trust (NYSE:CXE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 87,256 shares of the company's stock, valued at approximately $321,000.
A number of other large investors have also recently made changes to their positions in CXE. Advisory Services Network LLC bought a new position in MFS High Income Municipal Trust in the 4th quarter worth $67,000. Sit Investment Associates Inc. boosted its holdings in 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 period. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of MFS High Income Municipal Trust by 28.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 76,036 shares of the company's stock worth $280,000 after acquiring an additional 16,950 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth about $46,000. Finally, HighTower Advisors LLC raised its stake in MFS High Income Municipal Trust by 70.0% during the 4th quarter. HighTower Advisors LLC now owns 32,531 shares of the company's stock valued at $120,000 after purchasing an additional 13,393 shares during the period. 34.37% of the stock is currently owned by institutional investors.
MFS High Income Municipal Trust Trading Up 0.4%
Shares of MFS High Income Municipal Trust stock traded up $0.02 on Thursday, hitting $3.58. 26,419 shares of the company traded hands, compared to its average volume of 72,435. MFS High Income Municipal Trust has a 52 week low of $3.38 and a 52 week high of $4.03. The business has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $3.71.
MFS High Income Municipal Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.017 per share. This is a positive change from MFS High Income Municipal Trust's previous monthly dividend of $0.02. The ex-dividend date is Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.71%.
About MFS High Income Municipal Trust
(
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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