MFS High Income Municipal Trust (CXE) to Issue Monthly Dividend of $0.02 on December 31st

MFS High Income Municipal Trust (NYSE:CXE) announced a monthly dividend on Monday, December 1st. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.018 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Tuesday, December 16th.

MFS High Income Municipal Trust Stock Performance

Shares of CXE traded up $0.02 during midday trading on Wednesday, hitting $3.69. The stock had a trading volume of 11,799 shares, compared to its average volume of 83,182. The business has a 50-day simple moving average of $3.72 and a two-hundred day simple moving average of $3.61. MFS High Income Municipal Trust has a fifty-two week low of $3.38 and a fifty-two week high of $3.91.

Hedge Funds Weigh In On MFS High Income Municipal Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in MFS High Income Municipal Trust during the 1st quarter valued at $43,000. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of MFS High Income Municipal Trust by 23.5% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 93,879 shares of the company’s stock valued at $346,000 after buying an additional 17,843 shares in the last quarter. Almitas Capital LLC raised its position in MFS High Income Municipal Trust by 13.6% during the first quarter. Almitas Capital LLC now owns 1,047,002 shares of the company’s stock valued at $3,863,000 after buying an additional 125,165 shares during the period. NewEdge Advisors LLC acquired a new position in MFS High Income Municipal Trust during the first quarter valued at $84,000. Finally, Allworth Financial LP purchased a new stake in MFS High Income Municipal Trust in the 2nd quarter worth about $47,000. 34.37% of the stock is currently owned by hedge funds and other institutional investors.

About MFS High Income Municipal Trust

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.