Almitas Capital LLC lifted its position in MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 143.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 344,105 shares of the company's stock after purchasing an additional 202,845 shares during the quarter. Almitas Capital LLC owned about 1.35% of MFS High Yield Municipal Trust worth $1,211,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Sit Investment Associates Inc. lifted its stake in MFS High Yield Municipal Trust by 106.8% during the fourth quarter. Sit Investment Associates Inc. now owns 2,002,639 shares of the company's stock worth $7,049,000 after purchasing an additional 1,034,353 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of MFS High Yield Municipal Trust by 76.3% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 284,360 shares of the company's stock worth $1,001,000 after acquiring an additional 123,039 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of MFS High Yield Municipal Trust in the 4th quarter worth approximately $166,000. Bank of New York Mellon Corp lifted its stake in shares of MFS High Yield Municipal Trust by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company's stock valued at $765,000 after acquiring an additional 26,395 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of MFS High Yield Municipal Trust during the fourth quarter valued at approximately $71,000. 32.39% of the stock is currently owned by institutional investors.
MFS High Yield Municipal Trust Price Performance
Shares of CMU stock traded down $0.01 during trading hours on Wednesday, reaching $3.39. The company's stock had a trading volume of 39,053 shares, compared to its average volume of 53,854. The firm's fifty day simple moving average is $3.44 and its 200 day simple moving average is $3.52. MFS High Yield Municipal Trust has a one year low of $3.18 and a one year high of $3.70.
MFS High Yield Municipal Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.0155 per share. This is an increase from MFS High Yield Municipal Trust's previous monthly dividend of $0.01. The ex-dividend date is Tuesday, May 13th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.49%.
About MFS High Yield Municipal Trust
(
Free Report)
MFS High Yield Municipal Trust 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.
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