Truist Financial Corp Buys 5,059 Shares of MFS High Income Municipal Trust (NYSE:CXE)

Truist Financial Corp grew its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 5.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,199 shares of the company’s stock after acquiring an additional 5,059 shares during the period. Truist Financial Corp owned about 0.33% of MFS High Income Municipal Trust worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp grew its position in shares of MFS High Income Municipal Trust by 20.0% during the 1st quarter. Van ECK Associates Corp now owns 233,077 shares of the company’s stock valued at $851,000 after acquiring an additional 38,867 shares during the period. Drive Wealth Management LLC boosted its holdings in MFS High Income Municipal Trust by 52.1% in the 1st quarter. Drive Wealth Management LLC now owns 38,541 shares of the company’s stock worth $141,000 after buying an additional 13,208 shares during the period. Logan Stone Capital LLC boosted its holdings in MFS High Income Municipal Trust by 723.1% in the 4th quarter. Logan Stone Capital LLC now owns 352,277 shares of the company’s stock worth $1,229,000 after buying an additional 309,480 shares during the period. Townsquare Capital LLC boosted its holdings in MFS High Income Municipal Trust by 81.9% in the 4th quarter. Townsquare Capital LLC now owns 24,732 shares of the company’s stock worth $86,000 after buying an additional 11,133 shares during the period. Finally, Bank of America Corp DE boosted its holdings in MFS High Income Municipal Trust by 29.9% in the 4th quarter. Bank of America Corp DE now owns 895,518 shares of the company’s stock worth $3,125,000 after buying an additional 206,159 shares during the period. 19.01% of the stock is owned by institutional investors.

MFS High Income Municipal Trust Stock Down 0.3 %

CXE opened at $3.37 on Friday. The company has a 50 day moving average of $3.50 and a 200 day moving average of $3.51. MFS High Income Municipal Trust has a 12 month low of $3.14 and a 12 month high of $3.94.

MFS High Income Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 16th will be issued a $0.0125 dividend. This represents a $0.15 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Tuesday, August 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.