Commonwealth Equity Services LLC Lowers Stake in MFS High Income Municipal Trust (NYSE:CXE)

Commonwealth Equity Services LLC trimmed its position in MFS High Income Municipal Trust (NYSE:CXE) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,235 shares of the company’s stock after selling 8,000 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MFS High Income Municipal Trust were worth $2,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC purchased a new position in MFS High Income Municipal Trust in the fourth quarter valued at approximately $46,000. HighTower Advisors LLC raised its stake in shares of MFS High Income Municipal Trust by 70.0% in the 4th quarter. HighTower Advisors LLC now owns 32,531 shares of the company’s stock valued at $120,000 after acquiring an additional 13,393 shares during the period. Raymond James Financial Inc. acquired a new position in shares of MFS High Income Municipal Trust during the 4th quarter valued at $321,000. Noble Wealth Management PBC acquired a new position in shares of MFS High Income Municipal Trust during the 4th quarter valued at $501,000. Finally, Melfa Wealth Management Inc. boosted its position in 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 purchasing an additional 17,295 shares during the period. 34.37% of the stock is owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Stock Performance

Shares of CXE opened at $3.69 on Thursday. MFS High Income Municipal Trust has a 12 month low of $3.46 and a 12 month high of $4.03. The stock’s 50-day moving average is $3.75 and its two-hundred day moving average is $3.80.

MFS High Income Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Tuesday, March 18th.

MFS High Income Municipal Trust 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.