MFS High Income Municipal Trust $CXE Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its holdings in shares of MFS High Income Municipal Trust (NYSE:CXE) by 67.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,996 shares of the company’s stock after selling 34,433 shares during the quarter. Wolverine Asset Management LLC’s holdings in MFS High Income Municipal Trust were worth $61,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CXE. XTX Topco Ltd acquired a new position in MFS High Income Municipal Trust during the first quarter worth about $43,000. NewEdge Advisors LLC purchased a new position in MFS High Income Municipal Trust during the first quarter worth about $84,000. Quantum Financial Planning Services Inc. purchased a new position in MFS High Income Municipal Trust during the first quarter worth about $114,000. Thomas J. Herzfeld Advisors Inc. raised its stake in 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 worth $346,000 after purchasing an additional 17,843 shares during the period. Finally, Almitas Capital LLC raised its stake 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 worth $3,863,000 after purchasing an additional 125,165 shares during the period. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Stock Up 0.3%

Shares of CXE stock opened at $3.74 on Tuesday. The firm’s 50-day moving average is $3.68 and its two-hundred day moving average is $3.59. MFS High Income Municipal Trust has a 12 month low of $3.38 and a 12 month high of $3.91.

MFS High Income Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th were paid a $0.018 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, October 14th.

MFS High Income Municipal Trust Profile

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.