Fortitude Advisory Group L.L.C. Has $120,000 Stock Holdings in MFS Investment Grade Municipal Trust (NYSE:CXH)

Fortitude Advisory Group L.L.C. reduced its position in MFS Investment Grade Municipal Trust (NYSE:CXH) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,802 shares of the company’s stock after selling 3,105 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in MFS Investment Grade Municipal Trust were worth $120,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CXH. Hennion & Walsh Asset Management Inc. bought a new position in MFS Investment Grade Municipal Trust in the 3rd quarter valued at about $499,000. Melfa Wealth Management LLC raised its holdings in MFS Investment Grade Municipal Trust by 9.4% in the 3rd quarter. Melfa Wealth Management LLC now owns 67,900 shares of the company’s stock valued at $480,000 after acquiring an additional 5,819 shares during the period. Fort Point Capital Partners LLC bought a new position in MFS Investment Grade Municipal Trust in the 3rd quarter valued at about $139,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in MFS Investment Grade Municipal Trust by 5,898.7% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 50,389 shares of the company’s stock valued at $356,000 after acquiring an additional 49,549 shares during the period. Finally, Robinson Capital Management LLC bought a new position in MFS Investment Grade Municipal Trust in the 3rd quarter valued at about $302,000.

MFS Investment Grade Municipal Trust Stock Up 0.3 %

MFS Investment Grade Municipal Trust stock traded up $0.02 during trading hours on Thursday, hitting $7.39. The company had a trading volume of 1,496 shares, compared to its average volume of 21,678. MFS Investment Grade Municipal Trust has a one year low of $6.41 and a one year high of $7.74. The firm has a 50-day moving average of $7.49 and a 200 day moving average of $7.36.

MFS Investment Grade Municipal Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $0.30 annualized dividend and a dividend yield of 4.06%.

About MFS Investment Grade Municipal Trust

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.