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

MFS Investment Grade Municipal Trust (NYSE:CXH) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.034 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

MFS Investment Grade Municipal Trust Stock Performance

Shares of CXH stock traded down $0.02 on Wednesday, reaching $8.16. 2,763 shares of the stock were exchanged, compared to its average volume of 13,852. The business’s 50 day moving average price is $8.06 and its 200 day moving average price is $7.93. MFS Investment Grade Municipal Trust has a twelve month low of $7.34 and a twelve month high of $8.25.

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bulldog Investors LLP boosted its holdings in MFS Investment Grade Municipal Trust by 22.5% in the fourth quarter. Bulldog Investors LLP now owns 1,201,345 shares of the company’s stock valued at $9,551,000 after purchasing an additional 220,851 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of MFS Investment Grade Municipal Trust by 7.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 505,483 shares of the company’s stock worth $4,019,000 after buying an additional 33,875 shares during the last quarter. Almitas Capital LLC boosted its holdings in shares of MFS Investment Grade Municipal Trust by 8.8% in the 3rd 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. Focus Partners Wealth acquired a new position in shares of MFS Investment Grade Municipal Trust in the 4th quarter valued at $2,166,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its stake in MFS Investment Grade Municipal Trust by 0.9% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 242,426 shares of the company’s stock worth $1,927,000 after acquiring an additional 2,055 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.