Thomas J. Herzfeld Advisors Inc. Buys 25,965 Shares of MFS Investment Grade Municipal Trust (NYSE:CXH)

Thomas J. Herzfeld Advisors Inc. increased its stake in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,088 shares of the company’s stock after acquiring an additional 25,965 shares during the quarter. Thomas J. Herzfeld Advisors Inc. owned about 1.18% of MFS Investment Grade Municipal Trust worth $776,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its holdings in shares of MFS Investment Grade Municipal Trust by 17.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 402,574 shares of the company’s stock valued at $3,309,000 after purchasing an additional 60,569 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of MFS Investment Grade Municipal Trust by 45.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,542 shares of the company’s stock worth $1,267,000 after buying an additional 49,420 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in MFS Investment Grade Municipal Trust by 41.0% during the fourth quarter. Bank of New York Mellon Corp now owns 69,402 shares of the company’s stock valued at $555,000 after buying an additional 20,186 shares during the last quarter. Noble Wealth Management PBC purchased a new position in MFS Investment Grade Municipal Trust during the 4th quarter valued at approximately $53,000. Finally, Raymond James Financial Inc. bought a new stake in MFS Investment Grade Municipal Trust in the 4th quarter worth approximately $230,000.

MFS Investment Grade Municipal Trust Stock Up 0.6 %

Shares of CXH opened at $7.91 on Tuesday. MFS Investment Grade Municipal Trust has a 1 year low of $7.30 and a 1 year high of $8.36. The business’s 50 day simple moving average is $8.04 and its 200-day simple moving average is $8.09.

MFS Investment Grade Municipal Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a dividend of $0.0275 per share. This is an increase from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.33 dividend on an annualized basis and a yield of 4.17%.

MFS Investment Grade Municipal Trust Profile

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.