Pathstone Holdings LLC Sells 11,081 Shares of MFS High Income Municipal Trust (NYSE:CXE)

Pathstone Holdings LLC reduced its stake in MFS High Income Municipal Trust (NYSE:CXE) by 3.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 356,941 shares of the company’s stock after selling 11,081 shares during the quarter. Pathstone Holdings LLC’s holdings in MFS High Income Municipal Trust were worth $1,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of MFS High Income Municipal Trust in the second quarter valued at about $43,000. WMG Financial Advisors LLC bought a new stake in MFS High Income Municipal Trust in the 2nd quarter valued at approximately $78,000. Simplicity Wealth LLC bought a new stake in MFS High Income Municipal Trust in the 2nd quarter valued at approximately $91,000. Capital Investment Advisors LLC boosted its position in MFS High Income Municipal Trust by 4.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 67,126 shares of the company’s stock worth $269,000 after acquiring an additional 3,126 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of MFS High Income Municipal Trust by 54.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 79,006 shares of the company’s stock worth $316,000 after acquiring an additional 27,994 shares in the last quarter. 34.37% of the stock is owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Price Performance

Shares of CXE stock opened at $3.82 on Friday. MFS High Income Municipal Trust has a 12 month low of $3.33 and a 12 month high of $4.03. The company’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $3.79.

MFS High Income Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.016 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.19 annualized dividend and a yield of 5.03%.

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.