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

Horizon Kinetics Asset Management LLC increased its stake in shares of MFS High Income Municipal Trust (NYSE:CXE) by 28.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 35,414 shares of the company’s stock after buying an additional 7,900 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in MFS High Income Municipal Trust were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Simplicity Wealth LLC acquired a new position in MFS High Income Municipal Trust during the second quarter valued at $91,000. WMG Financial Advisors LLC acquired a new position in shares of MFS High Income Municipal Trust in the second quarter worth about $78,000. Blue Bell Private Wealth Management LLC raised its position in shares of 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 acquiring an additional 51,828 shares during the period. Whitebox Advisors LLC purchased a new position in MFS High Income Municipal Trust in the 2nd quarter valued at about $394,000. Finally, Sanctuary Advisors LLC purchased a new position in MFS High Income Municipal Trust in the 2nd quarter valued at about $43,000. 34.37% of the stock is owned by hedge funds and other institutional investors.

MFS High Income Municipal Trust Stock Performance

CXE stock opened at $3.79 on Wednesday. The firm has a 50-day moving average of $3.88 and a two-hundred day moving average of $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 business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be issued a $0.016 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.19 annualized dividend and a yield of 5.07%.

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.