Closed End Fund Advisors Inc. Acquires Shares of 269,342 MFS High Income Municipal Trust $CXE

Closed End Fund Advisors Inc. acquired a new stake in shares of MFS High Income Municipal Trust (NYSE:CXEFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 269,342 shares of the company’s stock, valued at approximately $997,000.

Several other institutional investors and hedge funds have also bought and sold shares of CXE. UBS Group AG lifted its stake in MFS High Income Municipal Trust by 76.4% during the 4th quarter. UBS Group AG now owns 1,235,110 shares of the company’s stock valued at $4,570,000 after acquiring an additional 535,091 shares during the period. NewEdge Advisors LLC lifted its stake in shares of MFS High Income Municipal Trust by 185.0% in the 3rd quarter. NewEdge Advisors LLC now owns 93,180 shares of the company’s stock valued at $347,000 after purchasing an additional 60,480 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of MFS High Income Municipal Trust by 2,465.5% in the 4th quarter. Wolverine Asset Management LLC now owns 52,053 shares of the company’s stock valued at $193,000 after purchasing an additional 50,024 shares during the period. Bank of America Corp DE lifted its stake in shares of MFS High Income Municipal Trust by 4.0% in the 3rd quarter. Bank of America Corp DE now owns 1,049,363 shares of the company’s stock valued at $3,904,000 after purchasing an additional 40,753 shares during the period. Finally, Novak & Powell Financial Services Inc. acquired a new position in shares of MFS High Income Municipal Trust in the 4th quarter valued at $139,000. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Trading Down 1.2%

CXE opened at $3.66 on Friday. The firm has a fifty day moving average price of $3.70 and a 200 day moving average price of $3.74. MFS High Income Municipal Trust has a 1 year low of $3.40 and a 1 year high of $3.88.

MFS High Income Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.018 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Thursday, May 21st.

MFS High Income Municipal Trust Company Profile

(Free Report)

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.

See Also

Want to see what other hedge funds are holding CXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS High Income Municipal Trust (NYSE:CXEFree Report).

Institutional Ownership by Quarter for MFS High Income Municipal Trust (NYSE:CXE)

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