Bank of New York Mellon Corp Purchases New Holdings in MFS Investment Grade Municipal Trust (NYSE:CXH)

Bank of New York Mellon Corp bought a new stake in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,861 shares of the company’s stock, valued at approximately $236,000.

Separately, Bulldog Investors LLP grew its position in MFS Investment Grade Municipal Trust by 28.7% during the 4th 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.

MFS Investment Grade Municipal Trust Price Performance

Shares of CXH opened at $8.17 on Friday. The company’s 50 day moving average price is $8.09 and its 200 day moving average price is $7.78. MFS Investment Grade Municipal Trust has a 52 week low of $6.41 and a 52 week high of $8.28.

MFS Investment Grade Municipal Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a $0.0265 dividend. The ex-dividend date is Tuesday, September 17th. This is an increase from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.89%.

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.