Stock Buzzer: MFS Investment Grade Municipal Trust (NYSE:CXH): Institutional Investor Sentiment Up to 1.75

November 16, 2016 - By Peter Erickson   ·   0 Comments

Stock Buzzer: MFS Investment Grade Municipal Trust (NYSE:CXH): Institutional Investor Sentiment Up to 1.75

Sentiment for MFS Investment Grade Municipal Trust (NYSE:CXH)

MFS Investment Grade Municipal Trust (NYSE:CXH) institutional sentiment increased to 1.75 in 2016 Q2. Its up 0.50, from 1.25 in 2016Q1. The ratio has increased, as 14 hedge funds started new and increased stock positions, while 8 reduced and sold equity positions in MFS Investment Grade Municipal Trust. The hedge funds in our partner’s database now possess: 3.44 million shares, up from 3.30 million shares in 2016Q1. Also, the number of hedge funds holding MFS Investment Grade Municipal Trust in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 5 Increased: 9 New Position: 5.

MFS Investment Grade Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $106.90 million. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. It currently has negative earnings. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.

The stock decreased 0.42% or $0.04 on November 15, hitting $9.47. MFS Investment Grade Municipal Trust (NYSE:CXH) has declined 8.33% since April 14, 2016 and is downtrending. It has underperformed by 13.01% the S&P500.

Karpus Management Inc. holds 1.25% of its portfolio in MFS Investment Grade Municipal Trust for 2.30 million shares. Robinson Capital Management Llc owns 58,782 shares or 0.36% of their US portfolio. Moreover, Greenwich Wealth Management Llc has 0.13% invested in the company for 51,540 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 0.12% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 511,643 shares.#img1#

CXH Company Profile

MFS Investment Grade Municipal Trust (the Trust), is a closed-end fund investing primarily in tax-exempt bonds and tax-exempt notes. The fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in investment grade debt instruments.

More notable recent MFS Investment Grade Municipal Trust (NYSE:CXH) news were published by: Businesswire.com which released: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'” on March 24, 2016, also Marketwatch.com with their article: “MFS High Income Municipal Trust” published on December 22, 2009, Prnewswire.com published: “Columbia Management Advisors Agrees to Sell Its Colonial Closed-End Fund …” on April 11, 2007. More interesting news about MFS Investment Grade Municipal Trust (NYSE:CXH) were released by: Seekingalpha.com and their article: “Tax-Free Income From Municipal-Bond CEFs: A Closer Look” published on August 26, 2015 as well as Forbes.com‘s news article titled: “Secure Funds With Tax-Equivalent Yields Of 10% Or Higher” with publication date: June 17, 2016.

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By Peter Erickson


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