Sit Investment Associates Inc. boosted its holdings in shares of MFS Investment Grade Municipal Trust (NYSE:CXH - Free Report) by 50.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 560,546 shares of the company's stock after purchasing an additional 187,786 shares during the period. Sit Investment Associates Inc. owned approximately 6.84% of MFS Investment Grade Municipal Trust worth $4,479,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CXH. Rivernorth Capital Management LLC boosted its holdings in 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 purchasing an additional 60,569 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of MFS Investment Grade Municipal Trust by 45.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,542 shares of the company's stock valued at $1,267,000 after buying an additional 49,420 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MFS Investment Grade Municipal Trust by 41.0% in the fourth quarter. Bank of New York Mellon Corp now owns 69,402 shares of the company's stock valued at $555,000 after buying an additional 20,186 shares in the last quarter. Noble Wealth Management PBC acquired a new position in MFS Investment Grade Municipal Trust during the fourth quarter worth $53,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in MFS Investment Grade Municipal Trust by 36.5% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,088 shares of the company's stock worth $776,000 after acquiring an additional 25,965 shares in the last quarter.
MFS Investment Grade Municipal Trust Trading Down 1.7 %
MFS Investment Grade Municipal Trust stock traded down $0.13 during mid-day trading on Friday, reaching $7.38. The company had a trading volume of 10,142 shares, compared to its average volume of 18,011. The stock's 50-day simple moving average is $8.00 and its 200-day simple moving average is $8.06. MFS Investment Grade Municipal Trust has a 1 year low of $7.30 and a 1 year high of $8.36.
MFS Investment Grade Municipal Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.0275 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.47%.
MFS Investment Grade Municipal Trust Company 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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