Advisory Services Network LLC Makes New Investment in MFS High Income Municipal Trust (NYSE:CXE)

Advisory Services Network LLC acquired a new stake in shares of MFS High Income Municipal Trust (NYSE:CXE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,340 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds also recently made changes to their positions in the business. Sit Investment Associates Inc. lifted its stake in MFS High Income Municipal Trust by 1.9% during the fourth quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company’s stock valued at $2,282,000 after purchasing an additional 11,405 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its holdings in shares of MFS High Income Municipal Trust by 28.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 76,036 shares of the company’s stock valued at $280,000 after buying an additional 16,950 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of MFS High Income Municipal Trust during the 4th quarter valued at $46,000. HighTower Advisors LLC boosted its stake in shares of MFS High Income Municipal Trust by 70.0% during the 4th quarter. HighTower Advisors LLC now owns 32,531 shares of the company’s stock worth $120,000 after acquiring an additional 13,393 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of MFS High Income Municipal Trust during the 4th quarter worth $321,000. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Up 0.3 %

Shares of MFS High Income Municipal Trust stock opened at $3.49 on Friday. MFS High Income Municipal Trust has a 12-month low of $3.38 and a 12-month high of $4.03. The stock’s fifty day moving average is $3.69 and its 200-day moving average is $3.75.

MFS High Income Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.016 per share. This represents a $0.19 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Tuesday, April 15th.

MFS High Income Municipal Trust Company Profile

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.