Today’s Market Runner: MFS High Income Municipal Trust 2016 Q2 Institutional Investor Sentiment Worse Than Expected

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Today's Market Runner: MFS High Income Municipal Trust  2016 Q2 Institutional Investor Sentiment  Worse Than Expected

Sentiment for MFS High Income Municipal Trust (NYSE:CXE)

MFS High Income Municipal Trust (NYSE:CXE) institutional sentiment decreased to 0.67 in Q2 2016. Its down -0.78, from 1.45 in 2016Q1. The ratio dropped, as 10 investment managers started new or increased stock positions, while 15 sold and reduced positions in MFS High Income Municipal Trust. The investment managers in our partner’s database now own: 2.57 million shares, up from 2.22 million shares in 2016Q1. Also, the number of investment managers holding MFS High Income Municipal Trust in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 9 Increased: 7 New Position: 3.

MFS High Income Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $153.43 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 borrowings for investment purposes, in tax-exempt bonds and tax exempt notes.

The stock closed at $4.9 during the last session. It is down 7.02% since April 14, 2016 and is downtrending. It has underperformed by 11.71% the S&P500.

Robinson Capital Management Llc holds 1.37% of its portfolio in MFS High Income Municipal Trust for 430,741 shares. Mackay Shields Llc owns 462,916 shares or 0.13% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.08% invested in the company for 27,088 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.06% in the stock. Investors Capital Advisory Services, a Massachusetts-based fund reported 29,300 shares.#img1#

CXE Company Profile

MFS High Income Municipal Trust (the Trust), formerly Colonial High Income Municipal Trust, is a diversified closed-end management investment company. The Trust seeks to provide high current income generally exempt from federal income taxes. MFS High Income Municipal Trust’s secondary objective is to seek total return. The Trust’s portfolio includes municipal bonds, municipal preferred stocks and short-term obligations.

More important recent MFS High Income Municipal Trust (NYSE:CXE) news were published by: Marketwatch.com which released: “MFS High Income Municipal Trust” on December 22, 2009, also Businesswire.com published article titled: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'”, Marketwatch.com published: “MFS Municipal Income Trust” on February 19, 2011. More interesting news about MFS High Income Municipal Trust (NYSE:CXE) was released by: Seekingalpha.com and their article: “Tax-Free Income From Municipal-Bond CEFs: A Closer Look” with publication date: August 26, 2015.

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By Pete Kolinski


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