MFS Investment Grade Municipal Trust (NYSE:CXH) Shares Up 0.4% – Here’s Why

MFS Investment Grade Municipal Trust (NYSE:CXH) shares traded up 0.4% during trading on Tuesday . The stock traded as high as $7.99 and last traded at $7.97. 25,742 shares were traded during mid-day trading, an increase of 56% from the average session volume of 16,493 shares. The stock had previously closed at $7.94.

MFS Investment Grade Municipal Trust Price Performance

The firm’s 50-day moving average is $7.94 and its 200 day moving average is $7.69.

MFS Investment Grade Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.034 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, November 18th.

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

Several institutional investors have recently bought and sold shares of CXH. Susquehanna International Group LLP acquired a new position in MFS Investment Grade Municipal Trust during the 3rd quarter worth approximately $124,000. Bulldog Investors LLP lifted its position in shares of MFS Investment Grade Municipal Trust by 9.4% in the third quarter. Bulldog Investors LLP now owns 980,494 shares of the company’s stock worth $7,707,000 after purchasing an additional 84,603 shares in the last quarter. Bank of America Corp DE lifted its position in shares of MFS Investment Grade Municipal Trust by 282.6% in the third quarter. Bank of America Corp DE now owns 66,950 shares of the company’s stock worth $526,000 after purchasing an additional 49,450 shares in the last quarter. Almitas Capital LLC boosted its holdings in MFS Investment Grade Municipal Trust by 8.8% during the third quarter. Almitas Capital LLC now owns 487,688 shares of the company’s stock worth $3,833,000 after purchasing an additional 39,519 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in MFS Investment Grade Municipal Trust by 62.3% in the third quarter. Raymond James Financial Inc. now owns 31,813 shares of the company’s stock valued at $250,000 after purchasing an additional 12,217 shares in the last quarter.

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.