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MFS Investment Grade Municipal Trust Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 26 Feb 2026.
MFS Investment Grade Municipal Trust: what insiders have been doing
This page follows insider dealings at MFS Investment Grade Municipal Trust as filed with SEC (Form 4), a company from the Finance & Banking sector. 1 insider has disclosed 3 filings since 18 October 2025.
The flow runs one way only: 1 insider bought (2 purchases totalling €37k) and nobody sold on the market. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. At €27k, the purchase published on 13 February 2026 by Bulldog Investors, LLP is the largest of the period.
Across the 5,816 companies tracked on its exchange, the median is 19 filings; at 3 filings, this issuer sits below that mark. Over the whole record (from 2021), the tally stands at 3 purchases and 2 sales.
The most recent open-market purchase was published on 26 February 2026, 234 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
11
Thresholds
n/a
Buy Volume
€2M
3 ops. · all time
Sell Volume
€32,727
2 ops. · all time
Who traded when
BuySaleBulldog Investors, LLP2 buys
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended November 2025 · cache
US$7.63
Analyst consensus
Income statement
RevenueUS$188.7k
Net incomeUS$114k2.1% margin
Valuation
PER (trailing)381.5x
P/Book0.9x
Beta0.67
Balance sheet & cash
Market capUS$31.3M
Free Cash FlowUS$3M
Debt / Equity62%
Profitability & ownership
ROE0.2%
ROA2.5%
% insiders0.0%
% institutions54.8%
Last declaration on 26 February 2026
Declarations11 total
1,372 shares@ US$8.1225.3% of flowCommon StockSEC:0001398344-26-003838:0
Canonical exit: 25 May 2026 (T+90)
3,989 shares@ US$8.1072.9% of flowCommon StockSEC:0001398344-26-003160:0
Canonical exit: 12 May 2026 (T+90)
100 shares@ US$7.921.8% of flowCommon StockSEC:0001398344-26-001248:0
372 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-106511:0
10 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-102771:0
56 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-24-091551:0
213,246 shares@ US$7.7997.9% of flowCommon StockSEC:0001510281-23-000471:0
Canonical exit: 6 Feb 2024 (T+90)
50 sharesRemarketable Variable Rate MuniFund Term Preferred SharesSEC:0000950170-23-060183:0
732 shares@ US$6.590.3% of flowCommon StockSEC:0001510281-23-000394:0
4,203 shares@ US$7.021.8% of flowCommon StockSEC:0001510281-23-000328:0
1,950 shares@ €21,215.000350.0% of flowVariable Rate Municipal Term Preferred Shares, Series 2019/3SEC:0001209191-21-047684:0
11 of 11 declarations
About MFS Investment Grade Municipal Trust
MFS Investment Grade Municipal Trust (NYSE: CXH) is a US-listed closed-end bond fund focused primarily on investment-grade municipal securities with tax-exempt characteristics. For French-speaking investors, the key point is that CXH is not an operating company with products and industrial operations, but an exchange-traded investment vehicle designed to deliver current income and diversified exposure to the US municipal bond market. The fund is listed on the New York Stock Exchange (NYSE), which places it squarely in the US capital markets universe. ([mfs.com](https://www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/CXH-investment-grade-municipal-trust.html?utm_source=openai))
CXH is sponsored and managed by MFS Investment Management, the asset-management arm of Massachusetts Financial Services, a Boston-based firm founded in 1924. MFS has a long-standing heritage in US asset management and is widely recognized as an early pioneer in mutual funds and in municipal bond investing. Its history includes the launch of Massachusetts Investors Trust, the first US open-end mutual fund, and later one of the early municipal bond funds in the United States. That lineage matters because it underpins the manager’s credibility in fixed income and tax-advantaged municipal strategies. ([mfs.com](https://www.mfs.com/en-ch/investment-professional/about-mfs/our-history.html?utm_source=openai))
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From a portfolio perspective, the trust’s core mandate is relatively defensive within fixed income: it seeks exposure to municipal bonds rated investment grade, a segment typically associated with higher credit quality and lower default risk than high-yield municipal strategies. Investors generally use funds like CXH for tax-conscious income generation, portfolio diversification, and access to a professionally managed municipal bond portfolio. As with all closed-end funds, however, the share price can trade above or below net asset value, so market price behavior may diverge from underlying portfolio value. ([mfs.com](https://www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/CXH-investment-grade-municipal-trust.html?utm_source=openai))
Geographically, the portfolio is centered on the United States municipal market, meaning the fund’s underlying issuers and cash flows are US-based. MFS itself is headquartered in Boston, Massachusetts, and operates with a broader global investment-management platform, but CXH’s economic exposure remains overwhelmingly tied to the US municipal bond market. That makes the trust relevant to investors seeking US tax-exempt income rather than global credit or sovereign exposure. ([mfs.com](https://www.mfs.com/es-es/investment-professional/about-mfs/our-history.html?utm_source=openai))
Recent news has been material. In 2025 and 2026, MFS announced a tender offer for CXH and related actions involving the broader family of municipal closed-end funds. In April 2026, MFS said CXH had commenced a cash tender offer for common shares, and separately disclosed shareholder approvals related to reorganizations of certain MFS municipal closed-end funds. These developments are noteworthy because they can influence liquidity, capital structure, and the fund’s future strategic setup. ([mfs.com](https://www.mfs.com/en-us/investment-professional/about-mfs/newsroom/closed-end-fund-press-releases.html?utm_source=openai))
In summary, CXH is a NYSE-listed US closed-end municipal bond fund managed by a well-established Boston asset manager. Its appeal lies in investment-grade municipal exposure, tax-exempt income potential, and MFS’s long history in fixed income, while recent tender and reorganization activity adds an important corporate-action dimension for investors to monitor. ([mfs.com](https://www.mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/CXH-investment-grade-municipal-trust.html?utm_source=openai))
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