HighTower Advisors LLC Has $83,000 Stock Position in MFS High Income Municipal Trust $CXE

HighTower Advisors LLC reduced its position in shares of MFS High Income Municipal Trust (NYSE:CXE) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,429 shares of the company’s stock after selling 10,102 shares during the period. HighTower Advisors LLC owned approximately 0.06% of MFS High Income Municipal Trust worth $83,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC raised its position in MFS High Income Municipal Trust by 4.8% during the first quarter. Noble Wealth Management PBC now owns 142,585 shares of the company’s stock valued at $526,000 after purchasing an additional 6,560 shares in the last quarter. Jane Street Group LLC acquired a new position in MFS High Income Municipal Trust during the fourth quarter valued at approximately $43,000. XTX Topco Ltd acquired a new position in MFS High Income Municipal Trust during the first quarter valued at approximately $43,000. Catalina Capital Group LLC acquired a new position in MFS High Income Municipal Trust during the first quarter valued at approximately $109,000. Finally, Citadel Advisors LLC acquired a new position in MFS High Income Municipal Trust during the fourth quarter valued at approximately $110,000. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Stock Performance

Shares of CXE opened at $3.58 on Friday. MFS High Income Municipal Trust has a one year low of $3.38 and a one year high of $4.03. The firm has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $3.58.

MFS High Income Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.018 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, September 16th.

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.