MFS Investment Grade Municipal Trust (NYSE:CXH – Get Free Report) announced a monthly dividend on Monday, May 11th. Shareholders of record on Thursday, May 21st will be given a dividend of 0.034 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, May 21st.
MFS Investment Grade Municipal Trust Price Performance
NYSE:CXH opened at $8.37 on Tuesday. MFS Investment Grade Municipal Trust has a twelve month low of $7.34 and a twelve month high of $8.42. The company’s 50 day moving average is $8.24 and its two-hundred day moving average is $8.09.
Institutional Trading of MFS Investment Grade Municipal Trust
Large investors have recently bought and sold shares of the stock. Center for Financial Planning Inc. purchased a new stake in MFS Investment Grade Municipal Trust during the 3rd quarter worth approximately $36,000. Closed End Fund Advisors Inc. purchased a new stake in MFS Investment Grade Municipal Trust during the 4th quarter worth approximately $123,000. Evolve Private Wealth LLC purchased a new stake in MFS Investment Grade Municipal Trust during the 4th quarter worth approximately $123,000. Susquehanna International Group LLP purchased a new stake in shares of MFS Investment Grade Municipal Trust in the 3rd quarter valued at $124,000. Finally, Bank of America Corp DE boosted its holdings in shares of MFS Investment Grade Municipal Trust by 11.9% in the 2nd quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock valued at $134,000 after acquiring an additional 1,860 shares during the last quarter.
About MFS Investment Grade Municipal Trust
MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.
The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.
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