HighTower Advisors LLC Has $120,000 Position in MFS High Income Municipal Trust (NYSE:CXE)

HighTower Advisors LLC raised its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 70.0% in the fourth quarter, Holdings Channel reports. The fund owned 32,531 shares of the company’s stock after acquiring an additional 13,393 shares during the period. HighTower Advisors LLC’s holdings in MFS High Income Municipal Trust were worth $120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in MFS High Income Municipal Trust during the 4th quarter valued at about $321,000. Whitebox Advisors LLC grew its stake in MFS High Income Municipal Trust by 9.9% during the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after buying an additional 10,475 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth approximately $501,000. Finally, Melfa Wealth Management Inc. raised its stake in shares of MFS High Income Municipal Trust by 13.0% in the fourth quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock valued at $553,000 after acquiring an additional 17,295 shares during the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

NYSE CXE opened at $3.69 on Friday. The stock’s 50 day simple moving average is $3.75 and its 200 day simple moving average is $3.79. MFS High Income Municipal Trust has a one year low of $3.46 and a one year high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, April 15th.

About MFS High Income Municipal Trust

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.