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CXH
Upturn stock ratingUpturn stock rating

MFS Investment Grade Municipal Trust (CXH)

Upturn stock ratingUpturn stock rating
$7.64
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: CXH (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $0

1 Year Target Price $0

Analysts Price Target For last 52 week
$0Target price
Low$
Current$7.64
high$

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 62.56M USD
Price to earnings Ratio 8.67
1Y Target Price -
Price to earnings Ratio 8.67
1Y Target Price -
Volume (30-day avg) -
Beta 0.68
52 Weeks Range 7.36 - 8.36
Updated Date 06/29/2025
52 Weeks Range 7.36 - 8.36
Updated Date 06/29/2025
Dividends yield (FY) 4.31%
Basic EPS (TTM) 0.88

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 136.64%
Operating Margin (TTM) 84.97%

Management Effectiveness

Return on Assets (TTM) 2.41%
Return on Equity (TTM) 10.19%

Valuation

Trailing PE 8.67
Forward PE -
Enterprise Value 106498096
Price to Sales(TTM) 11.79
Enterprise Value 106498096
Price to Sales(TTM) 11.79
Enterprise Value to Revenue 8.53
Enterprise Value to EBITDA -
Shares Outstanding 8199220
Shares Floating -
Shares Outstanding 8199220
Shares Floating -
Percent Insiders 0.09
Percent Institutions 45.91

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

MFS Investment Grade Municipal Trust

stock logo

Company Overview

overview logo History and Background

MFS Investment Grade Municipal Trust (CXE) was established to provide high current income exempt from federal income tax, consistent with preservation of capital. It invests primarily in investment-grade municipal bonds.

business area logo Core Business Areas

  • Closed-End Fund Management: Management and investment of a portfolio consisting primarily of investment-grade municipal bonds. The fund aims for tax-exempt income.

leadership logo Leadership and Structure

The fund is managed by MFS Investment Management. Details on specific executives were not available on the public web searches conducted.

Top Products and Market Share

overview logo Key Offerings

  • Investment Grade Municipal Bond Portfolio: A closed-end fund investing primarily in municipal bonds rated investment grade. Market share data specific to CXE as a standalone product is unavailable. Competitors include other municipal bond closed-end funds and ETFs. The revenue for this product is the asset under management, which fluctuates.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, tax policies, and the creditworthiness of municipal issuers. It's generally considered a relatively stable market.

Positioning

CXE focuses on investment-grade municipal bonds, aiming for stability and income. Its competitive advantage lies in MFS's expertise in fixed-income investing.

Total Addressable Market (TAM)

The total municipal bond market is in the trillions of dollars. CXE captures a small portion of this market through its managed assets.

Upturn SWOT Analysis

Strengths

  • Experienced management team (MFS)
  • Focus on investment-grade bonds (lower risk)
  • Tax-exempt income for investors

Weaknesses

  • Subject to interest rate risk
  • Closed-end fund structure can trade at a discount to NAV
  • High expense ratio

Opportunities

  • Rising interest rates increasing income potential
  • Increased demand for tax-advantaged investments
  • Potential for active management to outperform benchmarks

Threats

  • Rising interest rates decreasing bond values
  • Credit downgrades of municipal issuers
  • Changes in tax laws impacting municipal bond attractiveness

Competitors and Market Share

competitor logo Key Competitors

  • NVG
  • NUV
  • VFL
  • PIMCO
  • BlackRock

Competitive Landscape

CXE competes with other closed-end municipal bond funds. Performance and expense ratios are key differentiators.

Growth Trajectory and Initiatives

Historical Growth: Growth is tied to the fund's ability to generate income and maintain or increase its NAV.

Future Projections: Future projections depend on market conditions, interest rates, and the fund's investment performance. Analyst estimates were not accessible in the performed web search.

Recent Initiatives: Recent strategic initiatives are not publicly available in the recent web search but involve portfolio management decisions.

Summary

MFS Investment Grade Municipal Trust offers tax-exempt income to investors through its portfolio of investment-grade municipal bonds. Its strength lies in MFS's management experience. However, the fund is susceptible to interest rate risk and market fluctuations. Investors should consider its expense ratio and potential discount to NAV when evaluating CXE. The fund needs to improve and highlight it's performance to better gain marketshare.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Yahoo Finance
  • MFS Investment Management Website
  • SEC Filings

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market share and financial data may be estimates.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About MFS Investment Grade Municipal Trust

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 1989-06-30
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

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. MFS Investment Grade Municipal Trust was founded in May 16, 1989 and is domiciled in United States.