Truist Financial Corp Has $486,000 Holdings in MFS High Income Municipal Trust (NYSE:CXE)

Truist Financial Corp cut its holdings in shares of MFS High Income Municipal Trust (NYSE:CXE) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,099 shares of the company’s stock after selling 13,571 shares during the quarter. Truist Financial Corp’s holdings in MFS High Income Municipal Trust were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CXE. Wolverine Asset Management LLC boosted its position in MFS High Income Municipal Trust by 54.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock worth $316,000 after acquiring an additional 27,994 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in shares of MFS High Income Municipal Trust by 28.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock valued at $142,000 after buying an additional 7,900 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of MFS High Income Municipal Trust by 30.5% during the 3rd quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after buying an additional 4,468 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in MFS High Income Municipal Trust by 9.9% in the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after purchasing an additional 10,475 shares during the last quarter. Finally, Melfa Wealth Management Inc. lifted its holdings in MFS High Income Municipal Trust by 13.0% in the 4th quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock worth $553,000 after purchasing an additional 17,295 shares during the last quarter. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Stock Performance

CXE opened at $3.85 on Tuesday. The business has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.81. MFS High Income Municipal Trust has a twelve month low of $3.46 and a twelve month high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.016 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.19 annualized dividend and a yield of 4.99%.

MFS High Income Municipal Trust Company Profile

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.