Hennion & Walsh Asset Management Inc. Trims Stock Holdings in MFS High Income Municipal Trust $CXE

Hennion & Walsh Asset Management Inc. lowered its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 61.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 231,653 shares of the company’s stock after selling 374,678 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in MFS High Income Municipal Trust were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in CXE. Whitebox Advisors LLC raised its stake in shares of MFS High Income Municipal Trust by 7.4% during the 2nd quarter. Whitebox Advisors LLC now owns 483,300 shares of the company’s stock valued at $1,730,000 after purchasing an additional 33,258 shares during the period. NewEdge Advisors LLC grew its holdings in MFS High Income Municipal Trust by 44.1% during the 2nd quarter. NewEdge Advisors LLC now owns 32,700 shares of the company’s stock valued at $117,000 after buying an additional 10,000 shares in the last quarter. Cetera Investment Advisers grew its holdings in MFS High Income Municipal Trust by 47.2% during the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company’s stock valued at $66,000 after buying an additional 5,903 shares in the last quarter. Riverbridge Partners LLC bought a new stake in shares of MFS High Income Municipal Trust during the third quarter valued at about $322,000. Finally, ACT Advisors LLC. purchased a new stake in shares of MFS High Income Municipal Trust in the third quarter worth about $66,000. 34.37% of the stock is currently owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Stock Up 0.4%

MFS High Income Municipal Trust stock opened at $3.76 on Friday. MFS High Income Municipal Trust has a 1-year low of $3.38 and a 1-year high of $3.85. The firm’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $3.65.

MFS High Income Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be given a $0.018 dividend. The ex-dividend date is Tuesday, January 20th. This represents a c) annualized dividend and a yield of 5.8%.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.