MFS High Income Municipal Trust (NYSE:CXE) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its holdings in MFS High Income Municipal Trust (NYSE:CXE) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,815 shares of the company’s stock after selling 14,191 shares during the period. Wolverine Asset Management LLC’s holdings in MFS High Income Municipal Trust were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in CXE. HighTower Advisors LLC lifted its position in MFS High Income Municipal Trust by 30.5% in the 3rd quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after purchasing an additional 4,468 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in MFS High Income Municipal Trust by 28.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after purchasing an additional 7,900 shares during the period. Whitebox Advisors LLC lifted its holdings in MFS High Income Municipal Trust by 9.9% in the third quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock worth $467,000 after purchasing an additional 10,475 shares during the period. Finally, Melfa Wealth Management Inc. grew its position in MFS High Income Municipal Trust by 13.0% in the 4th quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock valued at $553,000 after buying an additional 17,295 shares in the last quarter. 34.37% of the stock is owned by institutional investors.

MFS High Income Municipal Trust Stock Performance

CXE stock opened at $3.80 on Monday. The firm’s 50-day moving average is $3.71 and its two-hundred day moving average is $3.81. MFS High Income Municipal Trust has a 52 week low of $3.46 and a 52 week high of $4.03.

MFS High Income Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.016 per share. This represents a $0.19 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, February 18th.

About MFS High Income Municipal Trust

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.