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About the company
MFS Investment Grade Municipal Trust (the Fund) is a diversified closed-end management investment company. 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, under normal market conditions, at least 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 Fund may also invest in below-investment grade quality debt instruments. It invests in various sectors, such as healthcare, general obligations, universities, water and sewer utilities, toll roads, student loan, airports, and state and local appropriations. The fund offers a Dividend Reinvestment and Cash Purchase Plan that allows common shareholders to reinvest either all the distributions paid by the fund or only the long-term capital gains. The Fund's investment adviser is Massachusetts Financial Services Company.
- Revenue in USD (TTM)--
- Net income in USD--
- Incorporated1989
- Employees--
- LocationMFS® Investment Grade Municipal Trust111 Huntington Avenue, 24Th FloorBOSTON 02199United StatesUSA
- Phone+1 (617) 954-5000
- Websitehttps://www.mfs.com/wps/portal/mfs/us-advisor-pub/products/closed-end/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Globalink Investment Inc | 0.00 | 1.32m | 66.92m | 2.00 | 84.82 | 3.24 | -- | -- | 0.1313 | 0.1313 | 0.00 | 3.44 | 0.00 | -- | -- | -- | 1.79 | -- | 1.85 | -- | -- | -- | -- | -- | -- | -- | 0.0783 | -- | -- | -- | 488.80 | -- | -- | -- |
| Maquia Capital Acquisition Corp | 0.00 | -960.09k | 67.12m | -- | -- | 24.17 | -- | -- | -0.1602 | -0.1602 | 0.00 | 0.4576 | 0.00 | -- | -- | -- | -3.80 | -- | -4.36 | -- | -- | -- | -- | -- | -- | -1.78 | 0.5493 | -- | -- | -- | -113.35 | -- | -- | -- |
| Arvana Inc | 24.80k | -1.32m | 67.40m | 0.00 | -- | -- | -- | 2,717.88 | -0.0122 | -0.0122 | 0.0002 | -0.0089 | 0.1382 | -- | -- | -- | -733.63 | -5,329.73 | -- | -- | -82.14 | -- | -5,308.79 | -57,453.75 | -- | -9.05 | 14.84 | -- | -- | -- | -769.60 | -- | -- | -- |
| Pono Capital Two Inc | 0.00 | 339.76k | 67.81m | -- | -- | 4.88 | -- | -- | -0.0245 | -0.0245 | 0.00 | 2.66 | 0.00 | -- | -- | -- | 0.4813 | -- | 0.4924 | -- | -- | -- | -- | -- | -- | -- | 0.0641 | -- | -- | -- | -38.54 | -- | -- | -- |
| Northview Acquisition Corp | 0.00 | 1.41m | 68.22m | 0.00 | 96.90 | 38.94 | -- | -- | 0.1187 | 0.1187 | 0.00 | 0.2953 | 0.00 | -- | -- | -- | 1.38 | -- | 1.40 | -- | -- | -- | -- | -- | -- | -- | 0.0777 | -- | -- | -- | 2,285.83 | -- | -- | -- |
| Royce Global Trust Inc | 1.41m | 10.35m | 68.44m | -- | 6.67 | 0.925 | -- | 48.47 | 1.62 | 1.62 | 0.2219 | 11.72 | 0.0191 | -- | 4.15 | -- | 13.98 | 11.31 | 14.05 | 11.40 | 26.02 | 23.20 | 733.01 | 692.28 | -- | -- | 0.0509 | 52.89 | -13.14 | -11.67 | 142.66 | -- | -- | 30.26 |
| Voya Asia Pacific High Divid Eqt Incm Fd | -100.00bn | -100.00bn | 68.53m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| MFS Investment Grade Municipal Trust | -100.00bn | -100.00bn | 68.55m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income Opportunity Realty Investors Inc | 0.00 | 7.00m | 68.65m | 0.00 | 9.92 | 0.5814 | -- | -- | 1.68 | 1.68 | 0.00 | 28.72 | 0.00 | -- | -- | -- | 6.09 | 4.30 | 6.09 | 4.30 | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | 78.10 | -3.14 | -- | -- |
| Distoken Acquisition Corp | 0.00 | 1.30m | 68.93m | -- | 63.54 | 1.69 | 52.83 | -- | 0.1687 | 0.1687 | 0.00 | 6.33 | 0.00 | -- | -- | -- | 6.16 | -- | 6.41 | -- | -- | -- | -- | -- | -- | -- | 0.0015 | -- | -- | -- | 60,504.17 | -- | -- | -- |
| Research Frontiers Inc | 909.61k | -1.91m | 69.36m | 6.00 | -- | 19.72 | -- | 76.26 | -0.057 | -0.057 | 0.0272 | 0.105 | 0.1974 | -- | 1.14 | 151,601.70 | -41.41 | -44.40 | -44.19 | -47.02 | -159.41 | -172.15 | -209.80 | -246.32 | -- | -- | 0.00 | -- | 68.54 | -9.38 | 28.51 | -- | -33.12 | -- |
| Invesco High Income Trust II | -100.00bn | -100.00bn | 69.62m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gabelli Convertbl and Incm Scrts Fnd Inc | -100.00bn | -100.00bn | 69.73m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Ferrellgas Partners LP | 1.91bn | 6.10m | 70.14m | 4.01k | 11.50 | -- | 0.4582 | 0.0367 | 1.26 | 1.26 | 393.22 | -30.07 | 1.17 | 8.50 | 8.39 | 476,934.60 | 7.49 | 0.9049 | 9.25 | 1.44 | 52.47 | 48.29 | 6.39 | 0.7692 | 1.39 | 2.39 | 1.15 | -- | -4.17 | -0.4544 | 154.19 | -- | 0.9239 | -- |
| Silver Spike Investment Corp | 11.93m | 7.34m | 70.23m | 0.00 | 9.57 | 0.8209 | -- | 5.89 | 1.18 | 1.18 | 1.92 | 13.77 | 0.1360 | -- | 7.20 | -- | 8.36 | -- | 8.53 | -- | 75.53 | -- | 61.51 | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Fortune Rise Acquisition Corp | 0.00 | -351.71k | 70.31m | -- | -- | 2.73 | 179.51 | -- | -0.0825 | -0.0825 | 0.00 | 4.11 | 0.00 | -- | -- | -- | -0.513 | -- | -0.5413 | -- | -- | -- | -- | -- | -- | -- | 0.156 | -- | -- | -- | -638.73 | -- | -- | -- |
Data as of May 11 2024. Currency figures normalised to MFS® Investment Grade Municipal Trust's reporting currency: US Dollar USD
23.20%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Almitas Capital LLCas of 31 Dec 2023 | 491.95k | 5.40% |
| Bulldog Investors LLPas of 31 Mar 2024 | 455.85k | 5.00% |
| Saba Capital Management LPas of 30 Apr 2024 | 315.45k | 3.46% |
| RiverNorth Capital Management LLCas of 31 Dec 2023 | 224.17k | 2.46% |
| ICON Advisers, Inc.as of 31 Dec 2023 | 200.46k | 2.20% |
| Hennion & Walsh Asset Management, Inc.as of 31 Mar 2024 | 110.86k | 1.22% |
| Deschutes Portfolio Strategy LLCas of 31 Mar 2024 | 86.93k | 0.95% |
| Logan Stone Capital LLCas of 31 Dec 2023 | 80.74k | 0.89% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023 | 80.10k | 0.88% |
| Melfa Wealth Management , Inc.as of 31 Mar 2024 | 66.73k | 0.73% |
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
