Sit Investment Associates Inc. Sells 278,424 Shares of MFS Investment Grade Municipal Trust $CXH

Sit Investment Associates Inc. cut its stake in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) by 71.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,998 shares of the company’s stock after selling 278,424 shares during the period. Sit Investment Associates Inc. owned 1.35% of MFS Investment Grade Municipal Trust worth $882,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. raised its stake in shares of MFS Investment Grade Municipal Trust by 128.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 112,637 shares of the company’s stock worth $895,000 after purchasing an additional 63,238 shares in the last quarter. Bulldog Investors LLP grew its stake 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 valued at $7,707,000 after buying an additional 84,603 shares in the last quarter. Almitas Capital LLC grew its stake in shares of MFS Investment Grade Municipal Trust by 8.8% in the third quarter. Almitas Capital LLC now owns 487,688 shares of the company’s stock valued at $3,833,000 after buying an additional 39,519 shares in the last quarter. Raymond James Financial Inc. increased its holdings in MFS Investment Grade Municipal Trust by 62.3% during the third quarter. Raymond James Financial Inc. now owns 31,813 shares of the company’s stock worth $250,000 after buying an additional 12,217 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in MFS Investment Grade Municipal Trust by 11.9% during the second quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock worth $134,000 after buying an additional 1,860 shares during the last quarter.

MFS Investment Grade Municipal Trust Stock Down 0.2%

NYSE CXH opened at $7.62 on Friday. The firm’s fifty day moving average price is $7.95 and its two-hundred day moving average price is $8.02. MFS Investment Grade Municipal Trust has a 1 year low of $7.34 and a 1 year high of $8.42.

MFS Investment Grade Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.034 per share. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 5.4%.

MFS Investment Grade Municipal Trust Profile

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.