Rothschild Investment LLC Makes New $377,000 Investment in MFS Investment Grade Municipal Trust (NYSE:CXH)

Rothschild Investment LLC acquired a new stake in MFS Investment Grade Municipal Trust (NYSE:CXH) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 47,681 shares of the company’s stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CXH. Bulldog Investors LLP raised its position in MFS Investment Grade Municipal Trust by 28.7% in the fourth quarter. Bulldog Investors LLP now owns 389,857 shares of the company’s stock worth $2,951,000 after purchasing an additional 86,927 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in MFS Investment Grade Municipal Trust during the second quarter valued at approximately $236,000. Finally, Melfa Wealth Management Inc. grew its stake in shares of MFS Investment Grade Municipal Trust by 17.4% in the 2nd quarter. Melfa Wealth Management Inc. now owns 78,360 shares of the company’s stock valued at $619,000 after purchasing an additional 11,630 shares during the period.

MFS Investment Grade Municipal Trust Stock Performance

MFS Investment Grade Municipal Trust stock opened at $8.11 on Monday. The business has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $7.70. MFS Investment Grade Municipal Trust has a one year low of $6.41 and a one year high of $8.15.

MFS Investment Grade Municipal Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.026 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.85%.

MFS Investment Grade Municipal Trust Profile

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.