5,475 Shares in MFS Investment Grade Municipal Trust (NYSE:CXH) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in MFS Investment Grade Municipal Trust (NYSE:CXH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,475 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of MFS Investment Grade Municipal Trust during the third quarter worth $499,000. Thomas J. Herzfeld Advisors Inc. increased its stake in MFS Investment Grade Municipal Trust by 5,898.7% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 50,389 shares of the company’s stock worth $356,000 after purchasing an additional 49,549 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in MFS Investment Grade Municipal Trust during the 3rd quarter worth about $302,000. Almitas Capital LLC lifted its stake in MFS Investment Grade Municipal Trust by 5.7% during the third quarter. Almitas Capital LLC now owns 542,641 shares of the company’s stock valued at $3,836,000 after buying an additional 29,301 shares in the last quarter. Finally, Fort Point Capital Partners LLC acquired a new position in shares of MFS Investment Grade Municipal Trust in the third quarter worth about $139,000.

MFS Investment Grade Municipal Trust Price Performance

MFS Investment Grade Municipal Trust stock opened at $7.34 on Monday. MFS Investment Grade Municipal Trust has a fifty-two week low of $6.41 and a fifty-two week high of $7.74. The firm’s 50 day simple moving average is $7.50 and its 200-day simple moving average is $7.36.

MFS Investment Grade Municipal Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be paid a dividend of $0.025 per share. This represents a $0.30 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, April 16th.

About MFS Investment Grade Municipal Trust

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.