Rivernorth Capital Management LLC Raises Stock Position in MFS Investment Grade Municipal Trust (NYSE:CXH)

Rivernorth Capital Management LLC boosted its stake in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) by 17.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 402,574 shares of the company’s stock after acquiring an additional 60,569 shares during the period. Rivernorth Capital Management LLC owned about 4.91% of MFS Investment Grade Municipal Trust worth $3,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new stake in MFS Investment Grade Municipal Trust during the 2nd quarter worth approximately $236,000. Rothschild Investment LLC purchased a new stake in shares of MFS Investment Grade Municipal Trust during the second quarter worth approximately $377,000. Blue Bell Private Wealth Management LLC raised its stake in MFS Investment Grade Municipal Trust by 233.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,859 shares of the company’s stock valued at $38,000 after purchasing an additional 3,400 shares during the last quarter. Whitebox Advisors LLC acquired a new position in MFS Investment Grade Municipal Trust in the 2nd quarter valued at $384,000. Finally, Graham Capital Wealth Management LLC purchased a new position in MFS Investment Grade Municipal Trust in the 2nd quarter valued at $521,000.

MFS Investment Grade Municipal Trust Stock Down 0.3 %

Shares of CXH opened at $8.31 on Friday. The firm’s fifty day moving average is $8.16 and its two-hundred day moving average is $8.04. MFS Investment Grade Municipal Trust has a 52-week low of $7.30 and a 52-week high of $8.36.

MFS Investment Grade Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0265 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.32 annualized dividend and a yield of 3.83%.

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.