Wolverine Asset Management LLC Decreases Stock Holdings in MFS Investment Grade Municipal Trust (NYSE:CXH)

Wolverine Asset Management LLC lessened its stake in MFS Investment Grade Municipal Trust (NYSE:CXH) by 81.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,968 shares of the company’s stock after selling 30,114 shares during the period. Wolverine Asset Management LLC’s holdings in MFS Investment Grade Municipal Trust were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Graham Capital Wealth Management LLC bought a new stake in shares of MFS Investment Grade Municipal Trust in the 2nd quarter valued at about $521,000. Whitebox Advisors LLC purchased a new stake in MFS Investment Grade Municipal Trust during the second quarter valued at approximately $384,000. Rothschild Investment LLC acquired a new stake in MFS Investment Grade Municipal Trust in the second quarter valued at approximately $377,000. Bank of New York Mellon Corp purchased a new position in MFS Investment Grade Municipal Trust in the second quarter worth $236,000. Finally, Melfa Wealth Management Inc. increased its position in shares of MFS Investment Grade Municipal Trust by 17.4% during the second quarter. Melfa Wealth Management Inc. now owns 78,360 shares of the company’s stock worth $619,000 after purchasing an additional 11,630 shares in the last quarter.

MFS Investment Grade Municipal Trust Trading Up 0.5 %

Shares of CXH opened at $8.08 on Friday. MFS Investment Grade Municipal Trust has a 12 month low of $7.00 and a 12 month high of $8.31. The stock has a fifty day moving average price of $8.16 and a 200-day moving average price of $7.94.

MFS Investment Grade Municipal Trust Announces Dividend

The firm 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 $0.0265 dividend. This represents a $0.32 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, November 12th.

MFS Investment Grade Municipal Trust Company 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.