Sit Investment Associates Inc. Has $882,000 Holdings in MFS Investment Grade Municipal Trust $CXH

Sit Investment Associates Inc. lessened its holdings in MFS Investment Grade Municipal Trust (NYSE:CXH) by 71.5% during the fourth quarter, Holdings Channel reports. The fund owned 110,998 shares of the company’s stock after selling 278,424 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Investment Grade Municipal Trust were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CXH. Evolve Private Wealth LLC bought a new position in MFS Investment Grade Municipal Trust during the fourth quarter worth $123,000. Closed End Fund Advisors Inc. bought a new position in shares of MFS Investment Grade Municipal Trust in the fourth quarter valued at about $123,000. Susquehanna International Group LLP bought a new position in shares of MFS Investment Grade Municipal Trust in the third quarter valued at about $124,000. Bank of America Corp DE lifted its stake 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 worth $134,000 after buying an additional 1,860 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of MFS Investment Grade Municipal Trust by 62.3% during the 3rd quarter. Raymond James Financial Inc. now owns 31,813 shares of the company’s stock worth $250,000 after buying an additional 12,217 shares during the last quarter.

MFS Investment Grade Municipal Trust Stock Down 0.2%

Shares of CXH stock opened at $7.62 on Friday. The company has a 50-day simple moving average of $7.95 and a 200 day simple moving average of $8.02. MFS Investment Grade Municipal Trust has a 52 week low of $7.34 and a 52 week high of $8.42.

MFS Investment Grade Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.034 per share. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a yield of 5.4%.

MFS Investment Grade Municipal Trust Company Profile

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.