Icon Advisers Inc. Co. Purchases 7,777 Shares of MFS Investment Grade Municipal Trust (NYSE:CXH)

Icon Advisers Inc. Co. raised its position in MFS Investment Grade Municipal Trust (NYSE:CXH) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 244,295 shares of the company’s stock after purchasing an additional 7,777 shares during the period. Icon Advisers Inc. Co.’s holdings in MFS Investment Grade Municipal Trust were worth $1,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CXH. Raymond James Financial Inc. bought a new stake in MFS Investment Grade Municipal Trust during the 4th quarter worth about $230,000. Sit Investment Associates Inc. raised its position in shares of MFS Investment Grade Municipal Trust by 50.4% during the 4th quarter. Sit Investment Associates Inc. now owns 560,546 shares of the company’s stock valued at $4,479,000 after acquiring an additional 187,786 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its holdings in MFS Investment Grade Municipal Trust by 36.5% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,088 shares of the company’s stock worth $776,000 after buying an additional 25,965 shares during the last quarter. LPL Financial LLC boosted its position in shares of MFS Investment Grade Municipal Trust by 52.0% during the fourth quarter. LPL Financial LLC now owns 18,137 shares of the company’s stock worth $145,000 after purchasing an additional 6,201 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter valued at about $53,000.

MFS Investment Grade Municipal Trust Stock Down 0.6 %

NYSE:CXH opened at $7.46 on Monday. MFS Investment Grade Municipal Trust has a twelve month low of $7.30 and a twelve month high of $8.36. The stock’s 50 day moving average price is $7.99 and its two-hundred day moving average price is $8.05.

MFS Investment Grade Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0275 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.33 annualized dividend and a dividend yield of 4.42%.

MFS Investment Grade Municipal Trust 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.