Hennion & Walsh Asset Management Inc. Has $2.62 Million Stake in MFS High Income Municipal Trust (NYSE:CXE)

Hennion & Walsh Asset Management Inc. trimmed its stake in MFS High Income Municipal Trust (NYSE:CXE) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 706,247 shares of the company’s stock after selling 6,191 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in MFS High Income Municipal Trust were worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Raymond James & Associates increased its stake in shares of MFS High Income Municipal Trust by 11.0% in the fourth quarter. Raymond James & Associates now owns 113,333 shares of the company’s stock worth $402,000 after acquiring an additional 11,229 shares during the last quarter. Novak & Powell Financial Services Inc. acquired a new stake in shares of MFS High Income Municipal Trust during the 4th quarter valued at about $120,000. Truist Financial Corp grew its stake in shares of MFS High Income Municipal Trust by 38.4% in the 4th quarter. Truist Financial Corp now owns 145,217 shares of the company’s stock valued at $516,000 after buying an additional 40,258 shares in the last quarter. Van ECK Associates Corp increased its holdings in MFS High Income Municipal Trust by 14.3% in the fourth quarter. Van ECK Associates Corp now owns 238,902 shares of the company’s stock worth $848,000 after buying an additional 29,936 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in MFS High Income Municipal Trust by 0.6% during the first quarter. Commonwealth Equity Services LLC now owns 692,430 shares of the company’s stock valued at $2,514,000 after acquiring an additional 4,339 shares in the last quarter. 34.37% of the stock is currently owned by institutional investors and hedge funds.

MFS High Income Municipal Trust Price Performance

CXE stock opened at $3.85 on Tuesday. The firm has a 50 day moving average of $3.74 and a two-hundred day moving average of $3.63. MFS High Income Municipal Trust has a 12 month low of $2.95 and a 12 month high of $3.87.

MFS High Income Municipal Trust Dividend Announcement

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 $0.016 per share. This represents a $0.19 annualized dividend and a yield of 4.99%. The ex-dividend date is Tuesday, August 13th.

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.