Whitebox Advisors LLC Has $844,000 Holdings in MFS High Income Municipal Trust (NYSE:CXE)

Whitebox Advisors LLC boosted its position in shares of MFS High Income Municipal Trust (NYSE:CXE - Free Report) by 96.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 229,223 shares of the company's stock after purchasing an additional 112,598 shares during the quarter. Whitebox Advisors LLC's holdings in MFS High Income Municipal Trust were worth $844,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sit Investment Associates Inc. increased its holdings in shares of MFS High Income Municipal Trust by 1.9% in the fourth quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company's stock worth $2,282,000 after acquiring an additional 11,405 shares in the last quarter. Melfa Wealth Management Inc. raised its holdings in MFS High Income Municipal Trust by 13.0% during the 4th quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company's stock worth $553,000 after buying an additional 17,295 shares during the period. Noble Wealth Management PBC acquired a new position in shares of MFS High Income Municipal Trust in the fourth quarter valued at approximately $501,000. Raymond James Financial Inc. acquired a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth $321,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in MFS High Income Municipal Trust by 28.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 76,036 shares of the company's stock worth $280,000 after purchasing an additional 16,950 shares during the period. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Stock Performance

Shares of CXE traded up $0.01 during midday trading on Friday, hitting $3.59. The stock had a trading volume of 37,955 shares, compared to its average volume of 71,385. The company has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $3.72. MFS High Income Municipal Trust has a twelve month low of $3.38 and a twelve month high of $4.03.

MFS High Income Municipal Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.017 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a yield of 5.68%. This is an increase from MFS High Income Municipal Trust's previous monthly dividend of $0.02.

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.