Raymond James & Associates Raises Position in MFS High Income Municipal Trust (NYSE:CXE)

Raymond James & Associates raised its holdings in shares of MFS High Income Municipal Trust (NYSE:CXE) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,333 shares of the company’s stock after acquiring an additional 11,229 shares during the quarter. Raymond James & Associates owned approximately 0.36% of MFS High Income Municipal Trust worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Saba Capital Management L.P. raised its position in shares of MFS High Income Municipal Trust by 18.1% during the 3rd quarter. Saba Capital Management L.P. now owns 1,819,187 shares of the company’s stock valued at $5,676,000 after purchasing an additional 278,981 shares during the period. Commonwealth Equity Services LLC raised its position in shares of MFS High Income Municipal Trust by 1.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 737,335 shares of the company’s stock valued at $2,300,000 after purchasing an additional 10,000 shares during the period. Almitas Capital LLC bought a new stake in shares of MFS High Income Municipal Trust during the 3rd quarter valued at $1,081,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of MFS High Income Municipal Trust during the 3rd quarter valued at $925,000. Finally, City of London Investment Management Co. Ltd. bought a new stake in shares of MFS High Income Municipal Trust during the 3rd quarter valued at $738,000. Hedge funds and other institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

Shares of CXE stock opened at $3.51 on Friday. MFS High Income Municipal Trust has a one year low of $2.95 and a one year high of $3.67. The company’s fifty day moving average price is $3.56 and its 200-day moving average price is $3.46.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be issued a $0.015 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.18 dividend on an annualized basis and a yield of 5.13%.

About MFS High Income Municipal Trust

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.