HighTower Advisors LLC Sells 10,102 Shares of MFS High Income Municipal Trust $CXE

HighTower Advisors LLC lessened its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 31.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,429 shares of the company’s stock after selling 10,102 shares during the quarter. HighTower Advisors LLC’s holdings in MFS High Income Municipal Trust were worth $83,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CXE. Raymond James Financial Inc. bought a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth $321,000. Bank of America Corp DE grew its stake in shares of MFS High Income Municipal Trust by 4.7% during the fourth quarter. Bank of America Corp DE now owns 1,262,545 shares of the company’s stock worth $4,646,000 after buying an additional 56,854 shares during the last quarter. Quantum Financial Planning Services Inc. bought a new stake in shares of MFS High Income Municipal Trust during the first quarter worth $114,000. Nomura Holdings Inc. bought a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth $110,000. Finally, Citadel Advisors LLC bought a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth $110,000. Institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Up 1.3%

NYSE CXE opened at $3.58 on Friday. MFS High Income Municipal Trust has a fifty-two week low of $3.38 and a fifty-two week high of $4.03. The firm’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $3.58.

MFS High Income Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 6.0%.

MFS High Income Municipal Trust Company 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.