WMG Financial Advisors LLC Trims Holdings in MFS High Income Municipal Trust (NYSE:CXE)

WMG Financial Advisors LLC reduced its holdings in shares of MFS High Income Municipal Trust (NYSE:CXE) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,200 shares of the company’s stock after selling 4,900 shares during the quarter. WMG Financial Advisors LLC’s holdings in MFS High Income Municipal Trust were worth $60,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC lifted 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 worth $77,000 after purchasing an additional 4,468 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in MFS High Income Municipal Trust by 54.9% during the third quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock worth $316,000 after purchasing an additional 27,994 shares during the last quarter. Noble Wealth Management PBC bought a new position in MFS High Income Municipal Trust during the fourth quarter worth $501,000. Melfa Wealth Management Inc. lifted its stake in MFS High Income Municipal Trust by 13.0% during the fourth quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock worth $553,000 after purchasing an additional 17,295 shares during the last quarter. Finally, Whitebox Advisors LLC lifted its stake in MFS High Income Municipal Trust by 9.9% during the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after purchasing an additional 10,475 shares during the last quarter. 34.37% of the stock is currently owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Stock Performance

Shares of CXE opened at $3.85 on Tuesday. The business’s fifty day moving average price is $3.73 and its 200 day moving average price is $3.81. 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 company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a yield of 4.99%. The ex-dividend date was Tuesday, February 18th.

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.