Sit Investment Associates Inc. Has $4.48 Million Stock Holdings in MFS Investment Grade Municipal Trust (NYSE:CXH)

Sit Investment Associates Inc. grew its position in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 560,546 shares of the company’s stock after buying an additional 187,786 shares during the period. Sit Investment Associates Inc. owned approximately 6.84% of MFS Investment Grade Municipal Trust worth $4,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rivernorth Capital Management LLC grew its position in shares of MFS Investment Grade Municipal Trust by 17.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 402,574 shares of the company’s stock worth $3,309,000 after purchasing an additional 60,569 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of MFS Investment Grade Municipal Trust by 45.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,542 shares of the company’s stock valued at $1,267,000 after buying an additional 49,420 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter valued at approximately $230,000. Thomas J. Herzfeld Advisors Inc. grew its position in MFS Investment Grade Municipal Trust by 36.5% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,088 shares of the company’s stock worth $776,000 after buying an additional 25,965 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in MFS Investment Grade Municipal Trust by 41.0% during the fourth quarter. Bank of New York Mellon Corp now owns 69,402 shares of the company’s stock worth $555,000 after buying an additional 20,186 shares in the last quarter.

MFS Investment Grade Municipal Trust Stock Down 0.2 %

Shares of NYSE CXH opened at $7.96 on Friday. The business has a fifty day moving average price of $8.04 and a two-hundred day moving average price of $8.08. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.30 and a fifty-two week high of $8.36.

MFS Investment Grade Municipal Trust Dividend Announcement

The business 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 $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Tuesday, April 15th.

MFS Investment Grade Municipal Trust Profile

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.