UBS Group AG Acquires 535,091 Shares of MFS High Income Municipal Trust $CXE

UBS Group AG grew its position in MFS High Income Municipal Trust (NYSE:CXE) by 76.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,235,110 shares of the company’s stock after buying an additional 535,091 shares during the period. UBS Group AG owned 3.31% of MFS High Income Municipal Trust worth $4,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CXE. Nomura Holdings Inc. acquired a new stake in shares of MFS High Income Municipal Trust in the 3rd quarter valued at $56,000. Cetera Investment Advisers increased its stake in shares of MFS High Income Municipal Trust by 47.2% in the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company’s stock valued at $66,000 after buying an additional 5,903 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of MFS High Income Municipal Trust in the 1st quarter valued at $84,000. Susquehanna International Group LLP acquired a new stake in shares of MFS High Income Municipal Trust in the 3rd quarter valued at $84,000. Finally, Citadel Advisors LLC increased its stake in shares of MFS High Income Municipal Trust by 19.1% in the 3rd quarter. Citadel Advisors LLC now owns 25,812 shares of the company’s stock valued at $96,000 after buying an additional 4,142 shares during the period. 34.37% of the stock is owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Price Performance

NYSE CXE opened at $3.63 on Friday. The stock has a fifty day moving average of $3.73 and a 200-day moving average of $3.75. MFS High Income Municipal Trust has a 52 week low of $3.40 and a 52 week high of $3.88.

MFS High Income Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.018 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, May 21st.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.