MFS Investment Grade Municipal Trust (CXH) To Go Ex-Dividend on February 17th

MFS Investment Grade Municipal Trust (NYSE:CXH) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.034 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

MFS Investment Grade Municipal Trust Stock Performance

CXH opened at $8.14 on Friday. The stock has a fifty day moving average of $8.01 and a 200-day moving average of $7.87. MFS Investment Grade Municipal Trust has a 12-month low of $7.34 and a 12-month high of $8.21.

Hedge Funds Weigh In On MFS Investment Grade Municipal Trust

A number of large investors have recently made changes to their positions in the business. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of MFS Investment Grade Municipal Trust by 100.5% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 241,702 shares of the company’s stock worth $1,847,000 after purchasing an additional 121,161 shares during the period. Bank of America Corp DE grew its holdings in shares of MFS Investment Grade Municipal Trust by 11.9% during the 2nd quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock valued at $134,000 after acquiring an additional 1,860 shares in the last quarter. Center for Financial Planning Inc. acquired a new position in shares of MFS Investment Grade Municipal Trust in the third quarter worth $36,000. Raymond James Financial Inc. raised its holdings 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 in the last quarter. Finally, Almitas Capital LLC raised its holdings in shares of 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 acquiring an additional 39,519 shares in 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.