Rivernorth Capital Management LLC increased its position in MFS Investment Grade Municipal Trust (NYSE:CXH - Free Report) by 17.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 402,574 shares of the company's stock after buying an additional 60,569 shares during the period. Rivernorth Capital Management LLC owned about 4.91% of MFS Investment Grade Municipal Trust worth $3,309,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its holdings in MFS Investment Grade Municipal Trust by 233.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,859 shares of the company's stock valued at $38,000 after acquiring an additional 3,400 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of MFS Investment Grade Municipal Trust in the second quarter worth about $236,000. Capital Investment Advisors LLC lifted its position in shares of MFS Investment Grade Municipal Trust by 4.2% in the third quarter. Capital Investment Advisors LLC now owns 36,362 shares of the company's stock worth $299,000 after buying an additional 1,462 shares in the last quarter. Rothschild Investment LLC bought a new position in MFS Investment Grade Municipal Trust during the second quarter valued at approximately $377,000. Finally, Whitebox Advisors LLC purchased a new position in MFS Investment Grade Municipal Trust during the 2nd quarter valued at approximately $384,000.
MFS Investment Grade Municipal Trust Stock Performance
NYSE:CXH traded down $0.14 during trading hours on Friday, reaching $8.16. The stock had a trading volume of 11,872 shares, compared to its average volume of 19,853. MFS Investment Grade Municipal Trust has a 52 week low of $7.30 and a 52 week high of $8.36. The company has a 50 day moving average price of $8.16 and a two-hundred day moving average price of $8.04.
MFS Investment Grade Municipal Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0265 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.32 annualized dividend and a yield of 3.90%.
MFS Investment Grade Municipal Trust Profile
(
Free Report)
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.
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