MFS High Income Municipal Trust (NYSE:CXE) Stake Lessened by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in MFS High Income Municipal Trust (NYSE:CXE) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,235 shares of the company’s stock after selling 8,000 shares during the period. Commonwealth Equity Services LLC’s holdings in MFS High Income Municipal Trust were worth $2,529,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CXE. Thompson Siegel & Walmsley LLC acquired a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at about $46,000. HighTower Advisors LLC raised its stake in MFS High Income Municipal Trust by 30.5% during the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after buying an additional 4,468 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in MFS High Income Municipal Trust by 28.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after buying an additional 7,900 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of MFS High Income Municipal Trust in the 4th quarter worth approximately $321,000. Finally, Whitebox Advisors LLC increased its holdings in shares of MFS High Income Municipal Trust by 9.9% in the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock valued at $467,000 after acquiring an additional 10,475 shares during the last quarter. 34.37% of the stock is currently owned by institutional investors.

MFS High Income Municipal Trust Price Performance

CXE stock opened at $3.69 on Thursday. The stock’s 50 day simple moving average is $3.75 and its 200 day simple moving average is $3.80. MFS High Income Municipal Trust has a 12-month low of $3.46 and a 12-month high of $4.03.

MFS High Income Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a $0.016 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.20%.

MFS High Income Municipal Trust Profile

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.