Graham Capital Wealth Management LLC Purchases New Stake in MFS Investment Grade Municipal Trust (NYSE:CXH)

Graham Capital Wealth Management LLC purchased a new stake in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 65,918 shares of the company’s stock, valued at approximately $521,000. MFS Investment Grade Municipal Trust comprises 0.7% of Graham Capital Wealth Management LLC’s holdings, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whitebox Advisors LLC bought a new position in MFS Investment Grade Municipal Trust in the 2nd quarter worth $384,000. Blue Bell Private Wealth Management LLC raised its holdings in MFS Investment Grade Municipal Trust by 233.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,859 shares of the company’s stock worth $38,000 after purchasing an additional 3,400 shares in the last quarter. Rothschild Investment LLC bought a new position in MFS Investment Grade Municipal Trust in the 2nd quarter worth $377,000. Bank of New York Mellon Corp bought a new position in MFS Investment Grade Municipal Trust in the 2nd quarter worth $236,000. Finally, Melfa Wealth Management Inc. raised its holdings in MFS Investment Grade Municipal Trust by 17.4% in the 2nd quarter. Melfa Wealth Management Inc. now owns 78,360 shares of the company’s stock worth $619,000 after purchasing an additional 11,630 shares in the last quarter.

MFS Investment Grade Municipal Trust Stock Performance

Shares of NYSE CXH opened at $8.22 on Tuesday. MFS Investment Grade Municipal Trust has a 12 month low of $6.41 and a 12 month high of $8.28. The firm has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $7.79.

MFS Investment Grade Municipal Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were issued a $0.0265 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This is a positive change from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03. This represents a $0.32 annualized dividend and a yield of 3.87%.

About MFS Investment Grade Municipal Trust

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.