MFS Investment Grade Municipal Trust (NYSE:CXH) to Issue Monthly Dividend of $0.03

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Monday, March 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of 0.034 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, March 17th.

MFS Investment Grade Municipal Trust Trading Down 0.9%

MFS Investment Grade Municipal Trust stock traded down $0.07 during trading hours on Wednesday, hitting $8.11. The stock had a trading volume of 4,695 shares, compared to its average volume of 13,803. The company has a 50-day moving average of $8.06 and a two-hundred day moving average of $7.93. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.34 and a fifty-two week high of $8.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Center for Financial Planning Inc. bought a new stake in MFS Investment Grade Municipal Trust in the 3rd quarter valued at $36,000. Evolve Private Wealth LLC acquired a new position in shares of MFS Investment Grade Municipal Trust in the 4th quarter worth approximately $123,000. Closed End Fund Advisors Inc. bought a new position in shares of MFS Investment Grade Municipal Trust during the 4th quarter worth approximately $123,000. Susquehanna International Group LLP acquired a new stake in MFS Investment Grade Municipal Trust in the 3rd quarter valued at $124,000. Finally, Bank of America Corp DE grew its position in MFS Investment Grade Municipal Trust by 11.9% in the second quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock valued at $134,000 after acquiring an additional 1,860 shares during the period.

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.