MFS Investment Grade Municipal Trust (NYSE:CXH) to Issue $0.03 Monthly Dividend

MFS Investment Grade Municipal Trust (NYSE:CXHGet Rating) declared a monthly dividend on Friday, April 1st, Zacks reports. Investors of record on Wednesday, April 20th will be given a dividend of 0.029 per share on Friday, April 29th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, April 19th.

CXH stock opened at $8.06 on Friday. The firm has a fifty day moving average price of $8.71 and a 200 day moving average price of $9.42. MFS Investment Grade Municipal Trust has a fifty-two week low of $8.01 and a fifty-two week high of $10.74.

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC grew its holdings in shares of MFS Investment Grade Municipal Trust by 83.1% in the third quarter. LPL Financial LLC now owns 47,748 shares of the company’s stock valued at $477,000 after purchasing an additional 21,677 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of MFS Investment Grade Municipal Trust by 18.8% in the second quarter. Bank of America Corp DE now owns 73,102 shares of the company’s stock valued at $751,000 after purchasing an additional 11,582 shares in the last quarter. Morgan Stanley lifted its position in MFS Investment Grade Municipal Trust by 3.6% in the second quarter. Morgan Stanley now owns 77,305 shares of the company’s stock worth $795,000 after buying an additional 2,688 shares during the last quarter. Wells Fargo & Company MN lifted its position in MFS Investment Grade Municipal Trust by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 86,773 shares of the company’s stock worth $894,000 after buying an additional 7,995 shares during the last quarter. Finally, UBS Group AG lifted its position in MFS Investment Grade Municipal Trust by 5.2% in the third quarter. UBS Group AG now owns 131,482 shares of the company’s stock worth $1,315,000 after buying an additional 6,552 shares during the last quarter. 15.74% of the stock is owned by hedge funds and other institutional investors.

About MFS Investment Grade Municipal Trust (Get Rating)

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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Dividend History for MFS Investment Grade Municipal Trust (NYSE:CXH)

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