Drive Wealth Management LLC Has $85,000 Position in MFS High Income Municipal Trust (NYSE:CXE)

Drive Wealth Management LLC lessened its position in MFS High Income Municipal Trust (NYSE:CXE) by 44.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,450 shares of the company’s stock after selling 18,612 shares during the period. Drive Wealth Management LLC owned 0.07% of MFS High Income Municipal Trust worth $85,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CXE. Almitas Capital LLC bought a new stake in shares of MFS High Income Municipal Trust in the 3rd quarter valued at about $1,081,000. City of London Investment Management Co. Ltd. bought a new stake in shares of MFS High Income Municipal Trust in the 3rd quarter valued at about $738,000. Capital Investment Advisors LLC grew its position in shares of MFS High Income Municipal Trust by 19.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 64,000 shares of the company’s stock valued at $200,000 after buying an additional 10,500 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of MFS High Income Municipal Trust in the 4th quarter valued at about $36,000. Finally, Raymond James & Associates grew its position in shares of MFS High Income Municipal Trust by 11.0% in the 4th quarter. Raymond James & Associates now owns 113,333 shares of the company’s stock valued at $402,000 after buying an additional 11,229 shares during the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Trading Down 0.1 %

Shares of NYSE CXE traded down $0.01 during trading on Friday, reaching $3.51. The company had a trading volume of 127,297 shares, compared to its average volume of 41,127. The company’s fifty day moving average price is $3.56 and its 200-day moving average price is $3.47. MFS High Income Municipal Trust has a 12 month low of $2.95 and a 12 month high of $3.67.

MFS High Income Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.18 annualized dividend and a dividend yield of 5.13%.

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.