Bank of New York Mellon Corp Acquires 20,186 Shares of MFS Investment Grade Municipal Trust (NYSE:CXH)

Bank of New York Mellon Corp increased its position in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,402 shares of the company’s stock after acquiring an additional 20,186 shares during the period. Bank of New York Mellon Corp owned approximately 0.85% of MFS Investment Grade Municipal Trust worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Rivernorth Capital Management LLC grew its holdings in shares of MFS Investment Grade Municipal Trust by 17.7% in the third quarter. Rivernorth Capital Management LLC now owns 402,574 shares of the company’s stock worth $3,309,000 after purchasing an additional 60,569 shares during the last quarter.

MFS Investment Grade Municipal Trust Stock Performance

Shares of NYSE:CXH opened at $7.87 on Friday. The stock’s 50-day moving average is $8.04 and its 200 day moving average is $8.09. MFS Investment Grade Municipal Trust has a 1 year low of $7.30 and a 1 year high of $8.36.

MFS Investment Grade Municipal Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0275 per share. This is an increase from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, March 18th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.19%.

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.