Horizon Kinetics Asset Management LLC Raises Stock Position in MFS High Income Municipal Trust (NYSE:CXE)

Horizon Kinetics Asset Management LLC grew its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 28.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,414 shares of the company’s stock after acquiring an additional 7,900 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in MFS High Income Municipal Trust were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CXE. Simplicity Wealth LLC bought a new stake in shares of MFS High Income Municipal Trust during the second quarter valued at approximately $91,000. WMG Financial Advisors LLC bought a new position in MFS High Income Municipal Trust in the second quarter worth approximately $78,000. Blue Bell Private Wealth Management LLC raised its stake in MFS High Income Municipal Trust by 127.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 92,376 shares of the company’s stock worth $343,000 after buying an additional 51,828 shares in the last quarter. Whitebox Advisors LLC bought a new position in MFS High Income Municipal Trust in the second quarter worth approximately $394,000. Finally, Sanctuary Advisors LLC bought a new position in MFS High Income Municipal Trust in the second quarter worth approximately $43,000. Institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Price Performance

NYSE CXE opened at $3.79 on Wednesday. The firm’s fifty day simple moving average is $3.88 and its two-hundred day simple moving average is $3.79. MFS High Income Municipal Trust has a 12-month low of $3.31 and a 12-month high of $4.03.

MFS High Income Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.016 dividend. This represents a $0.19 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.