Sit Investment Associates Inc. Has $2.28 Million Stake in MFS High Income Municipal Trust (NYSE:CXE)

Sit Investment Associates Inc. raised its holdings in MFS High Income Municipal Trust (NYSE:CXE) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 620,203 shares of the company’s stock after purchasing an additional 11,405 shares during the period. Sit Investment Associates Inc.’s holdings in MFS High Income Municipal Trust were worth $2,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Melfa Wealth Management Inc. boosted its stake in shares of MFS High Income Municipal Trust by 13.0% in the fourth quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock valued at $553,000 after buying an additional 17,295 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of MFS High Income Municipal Trust during the 4th quarter worth $501,000. Raymond James Financial Inc. acquired a new stake in shares of MFS High Income Municipal Trust during the 4th quarter worth $321,000. Thomas J. Herzfeld Advisors Inc. increased its position in shares of MFS High Income Municipal Trust by 28.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 76,036 shares of the company’s stock worth $280,000 after purchasing an additional 16,950 shares during the period. Finally, HighTower Advisors LLC raised its stake in MFS High Income Municipal Trust by 70.0% in the fourth quarter. HighTower Advisors LLC now owns 32,531 shares of the company’s stock valued at $120,000 after purchasing an additional 13,393 shares in the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Down 0.7 %

CXE opened at $3.69 on Monday. MFS High Income Municipal Trust has a twelve month low of $3.46 and a twelve month high of $4.03. The company has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.79.

MFS High Income Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.016 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.19 annualized dividend and a dividend yield of 5.21%.

About MFS High Income Municipal Trust

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.