Drive Wealth Management LLC Sells 18,612 Shares of MFS High Income Municipal Trust (NYSE:CXE)

Drive Wealth Management LLC decreased its holdings in shares of MFS High Income Municipal Trust (NYSE:CXE) by 44.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,450 shares of the company’s stock after selling 18,612 shares during the period. Drive Wealth Management LLC’s holdings in MFS High Income Municipal Trust were worth $85,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC raised its position in MFS High Income Municipal Trust by 1,761.6% during the third quarter. Wolverine Asset Management LLC now owns 8,396 shares of the company’s stock valued at $26,000 after purchasing an additional 7,945 shares in the last quarter. Commonwealth Equity Services LLC raised its position in MFS High Income Municipal Trust by 1.4% during the third quarter. Commonwealth Equity Services LLC now owns 737,335 shares of the company’s stock valued at $2,300,000 after purchasing an additional 10,000 shares in the last quarter. Park Place Capital Corp purchased a new stake in MFS High Income Municipal Trust during the fourth quarter valued at about $36,000. Capital Investment Advisors LLC raised its position in MFS High Income Municipal Trust by 19.6% during the third quarter. Capital Investment Advisors LLC now owns 64,000 shares of the company’s stock valued at $200,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Raymond James & Associates raised its position in MFS High Income Municipal Trust by 11.0% during the fourth quarter. Raymond James & Associates now owns 113,333 shares of the company’s stock valued at $402,000 after purchasing an additional 11,229 shares in the last quarter. Institutional investors own 34.37% of the company’s stock.

MFS High Income Municipal Trust Trading Down 0.1 %

NYSE CXE traded down $0.01 during trading hours on Friday, reaching $3.51. 127,297 shares of the stock traded hands, compared to its average volume of 41,127. The stock has a 50 day simple moving average of $3.56 and a two-hundred day simple moving average of $3.47. MFS High Income Municipal Trust has a 1 year low of $2.95 and a 1 year high of $3.67.

MFS High Income Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.18 annualized dividend and a dividend yield of 5.13%.

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.