Closed End Fund Advisors Inc. Makes New $997,000 Investment in MFS High Income Municipal Trust $CXE

Closed End Fund Advisors Inc. bought a new position in shares of MFS High Income Municipal Trust (NYSE:CXE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 269,342 shares of the company’s stock, valued at approximately $997,000. Closed End Fund Advisors Inc. owned about 0.72% of MFS High Income Municipal Trust at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Indivisible Partners purchased a new stake in MFS High Income Municipal Trust during the 4th quarter worth approximately $39,000. Goldman Sachs Group Inc. purchased a new stake in MFS High Income Municipal Trust during the 4th quarter worth approximately $55,000. Nomura Holdings Inc. purchased a new stake in MFS High Income Municipal Trust during the 3rd quarter worth approximately $56,000. Cetera Investment Advisers grew its position in MFS High Income Municipal Trust by 47.2% during the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company’s stock worth $66,000 after purchasing an additional 5,903 shares during the last quarter. Finally, BOKF NA purchased a new stake in MFS High Income Municipal Trust during the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Price Performance

NYSE:CXE opened at $3.66 on Friday. MFS High Income Municipal Trust has a twelve month low of $3.40 and a twelve month high of $3.88. The company’s 50 day moving average is $3.70 and its two-hundred day moving average is $3.74.

MFS High Income Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.018 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, May 21st.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.