Capital Investment Advisors LLC Has $276,000 Holdings in MFS Investment Grade Municipal Trust (NYSE:CXH)

Capital Investment Advisors LLC trimmed its stake in shares of MFS Investment Grade Municipal Trust (NYSE:CXH) by 17.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,900 shares of the company’s stock after selling 7,500 shares during the period. Capital Investment Advisors LLC’s holdings in MFS Investment Grade Municipal Trust were worth $276,000 at the end of the most recent reporting period.

Separately, Bulldog Investors LLP boosted its position in MFS Investment Grade Municipal Trust by 28.7% in the 4th quarter. Bulldog Investors LLP now owns 389,857 shares of the company’s stock valued at $2,951,000 after buying an additional 86,927 shares during the last quarter.

MFS Investment Grade Municipal Trust Stock Up 0.4 %

Shares of NYSE CXH traded up $0.03 during midday trading on Friday, hitting $8.06. The stock had a trading volume of 3,004 shares, compared to its average volume of 20,288. MFS Investment Grade Municipal Trust has a fifty-two week low of $6.41 and a fifty-two week high of $8.15. The company’s 50-day simple moving average is $7.89 and its 200 day simple moving average is $7.64.

MFS Investment Grade Municipal Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.026 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.31 dividend on an annualized basis and a yield of 3.87%.

MFS Investment Grade Municipal Trust Company 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.