MFS Investment Grade Municipal Trust (NYSE:CXH) Shares Down 0.1% – Here’s What Happened

Shares of MFS Investment Grade Municipal Trust (NYSE:CXH) traded down 0.1% on Monday . The stock traded as low as $8.00 and last traded at $8.00. 45,684 shares traded hands during trading, an increase of 289% from the average session volume of 11,756 shares. The stock had previously closed at $8.00.

MFS Investment Grade Municipal Trust Stock Performance

The company’s 50 day simple moving average is $7.78 and its two-hundred day simple moving average is $7.64.

MFS Investment Grade Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be given a dividend of $0.034 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, October 14th.

Institutional Trading of MFS Investment Grade Municipal Trust

Several hedge funds have recently made changes to their positions in CXH. Bank of New York Mellon Corp lifted its position in shares of MFS Investment Grade Municipal Trust by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 75,105 shares of the company’s stock worth $595,000 after purchasing an additional 5,703 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of MFS Investment Grade Municipal Trust by 2.2% during the first quarter. Sit Investment Associates Inc. now owns 572,689 shares of the company’s stock worth $4,536,000 after purchasing an additional 12,143 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of MFS Investment Grade Municipal Trust by 24.2% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 120,541 shares of the company’s stock worth $955,000 after purchasing an additional 23,453 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of MFS Investment Grade Municipal Trust during the second quarter worth about $153,000. Finally, Bank of America Corp DE lifted its position in shares of MFS Investment Grade Municipal Trust by 11.9% during the second quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock worth $134,000 after purchasing an additional 1,860 shares in the last quarter.

MFS Investment Grade Municipal Trust Company 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.