MFS Investment Grade Municipal Trust (NYSE:CXH) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of MFS Investment Grade Municipal Trust (NYSE:CXH - Free Report) by 45.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 158,542 shares of the company's stock after buying an additional 49,420 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.93% of MFS Investment Grade Municipal Trust worth $1,267,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CXH. Capital Investment Advisors LLC increased its holdings in MFS Investment Grade Municipal Trust by 4.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 36,362 shares of the company's stock valued at $299,000 after purchasing an additional 1,462 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of MFS Investment Grade Municipal Trust in the second quarter valued at $236,000. Whitebox Advisors LLC purchased a new stake in shares of MFS Investment Grade Municipal Trust in the 2nd quarter valued at $384,000. Rivernorth Capital Management LLC raised its holdings in shares of MFS Investment Grade Municipal Trust by 17.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 402,574 shares of the company's stock valued at $3,309,000 after buying an additional 60,569 shares during the period. Finally, Graham Capital Wealth Management LLC acquired a new position in MFS Investment Grade Municipal Trust during the 2nd quarter worth about $521,000.

MFS Investment Grade Municipal Trust Stock Performance

NYSE CXH traded up $0.03 during trading on Friday, hitting $7.98. The stock had a trading volume of 3,140 shares, compared to its average volume of 20,281. The firm has a 50 day moving average price of $8.07 and a 200 day moving average price of $8.09. MFS Investment Grade Municipal Trust has a twelve month low of $7.30 and a twelve month high of $8.36.

MFS Investment Grade Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.0265 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Tuesday, January 14th.

MFS Investment Grade Municipal Trust Profile

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.