Wolverine Asset Management LLC Lowers Stock Position in MFS High Income Municipal Trust (NYSE:CXE)

Wolverine Asset Management LLC trimmed its position in shares of MFS High Income Municipal Trust (NYSE:CXE) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,815 shares of the company’s stock after selling 14,191 shares during the period. Wolverine Asset Management LLC’s holdings in MFS High Income Municipal Trust were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in MFS High Income Municipal Trust by 30.5% during the third quarter. HighTower Advisors LLC now owns 19,138 shares of the company’s stock valued at $77,000 after buying an additional 4,468 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position in MFS High Income Municipal Trust by 28.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 35,414 shares of the company’s stock worth $142,000 after purchasing an additional 7,900 shares during the period. Whitebox Advisors LLC increased its holdings in MFS High Income Municipal Trust by 9.9% in the 3rd quarter. Whitebox Advisors LLC now owns 116,625 shares of the company’s stock valued at $467,000 after purchasing an additional 10,475 shares in the last quarter. Finally, Melfa Wealth Management Inc. increased its holdings in MFS High Income Municipal Trust by 13.0% in the 4th quarter. Melfa Wealth Management Inc. now owns 150,188 shares of the company’s stock valued at $553,000 after purchasing an additional 17,295 shares in the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.

MFS High Income Municipal Trust Stock Performance

Shares of CXE opened at $3.80 on Monday. MFS High Income Municipal Trust has a 12 month low of $3.46 and a 12 month high of $4.03. The stock’s 50-day moving average is $3.71 and its two-hundred day moving average is $3.81.

MFS High Income Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.016 dividend. This represents a $0.19 annualized dividend and a yield of 5.05%. The ex-dividend date is Tuesday, February 18th.

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.