MFS Investment Grade Municipal Trust Announces Monthly Dividend of $0.03 (NYSE:CXH)

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be given a dividend of 0.034 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, January 20th.

MFS Investment Grade Municipal Trust Stock Down 0.1%

Shares of MFS Investment Grade Municipal Trust stock opened at $8.06 on Friday. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.34 and a fifty-two week high of $8.21. The company has a fifty day moving average of $7.97 and a 200 day moving average of $7.79.

Institutional Trading of MFS Investment Grade Municipal Trust

Several institutional investors have recently made changes to their positions in CXH. Center for Financial Planning Inc. purchased a new position in MFS Investment Grade Municipal Trust in the 3rd quarter worth approximately $36,000. Susquehanna International Group LLP purchased a new stake in MFS Investment Grade Municipal Trust during the 3rd quarter valued at approximately $124,000. Bank of America Corp DE raised its position in shares of 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 valued at $134,000 after buying an additional 1,860 shares during the last quarter. American National Bank & Trust purchased a new position in shares of MFS Investment Grade Municipal Trust in the second quarter worth $153,000. Finally, Raymond James Financial Inc. boosted its position in shares of 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 acquiring an additional 12,217 shares during the last quarter.

About MFS Investment Grade Municipal Trust

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.