Sanctuary Advisors LLC Reduces Position in MFS High Income Municipal Trust (NYSE:CXE)

Sanctuary Advisors LLC cut its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,300 shares of the company’s stock after selling 3,000 shares during the quarter. Sanctuary Advisors LLC’s holdings in MFS High Income Municipal Trust were worth $42,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CXE. HighTower Advisors LLC boosted its stake 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 worth $77,000 after acquiring an additional 4,468 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake 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 worth $142,000 after acquiring an additional 7,900 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of 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 in the last quarter. Whitebox Advisors LLC boosted its stake in shares of MFS High Income Municipal Trust by 9.9% during the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after acquiring an additional 10,475 shares in the last quarter. Finally, Melfa Wealth Management Inc. boosted its stake in shares of MFS High Income Municipal Trust by 13.0% during the 4th quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock worth $553,000 after acquiring an additional 17,295 shares in the last quarter. 34.37% of the stock is owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Price Performance

CXE stock opened at $3.81 on Friday. The company’s 50-day simple moving average is $3.73 and its 200-day simple moving average is $3.81. MFS High Income Municipal Trust has a 52-week low of $3.46 and a 52-week high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, March 18th.

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.