Robinson Capital Management LLC Trims Position in MFS Investment Grade Municipal Trust (NYSE:CXH)

Robinson Capital Management LLC decreased its position in shares of MFS Investment Grade Municipal Trust (NYSE:CXHFree Report) by 23.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,292 shares of the company’s stock after selling 10,234 shares during the quarter. Robinson Capital Management LLC’s holdings in MFS Investment Grade Municipal Trust were worth $251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter worth $41,000. Clough Capital Partners L P acquired a new stake in MFS Investment Grade Municipal Trust during the 3rd quarter valued at $78,000. Fort Point Capital Partners LLC acquired a new stake in MFS Investment Grade Municipal Trust during the 3rd quarter valued at $139,000. Thomas J. Herzfeld Advisors Inc. grew its holdings in MFS Investment Grade Municipal Trust by 5,898.7% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 50,389 shares of the company’s stock valued at $356,000 after purchasing an additional 49,549 shares in the last quarter. Finally, Melfa Wealth Management LLC grew its holdings in MFS Investment Grade Municipal Trust by 2.2% during the 4th quarter. Melfa Wealth Management LLC now owns 69,426 shares of the company’s stock valued at $505,000 after purchasing an additional 1,526 shares in the last quarter.

MFS Investment Grade Municipal Trust Price Performance

CXH traded up $0.02 during trading hours on Friday, reaching $7.58. 15,994 shares of the stock traded hands, compared to its average volume of 22,177. The firm’s fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $7.43. MFS Investment Grade Municipal Trust has a fifty-two week low of $6.41 and a fifty-two week high of $7.74.

MFS Investment Grade Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Tuesday, May 14th.

MFS Investment Grade Municipal Trust Company Profile

(Free Report)

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

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Institutional Ownership by Quarter for MFS Investment Grade Municipal Trust (NYSE:CXH)

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