Almitas Capital LLC Has $1.21 Million Stock Position in MFS High Yield Municipal Trust (NYSE:CMU)

Almitas Capital LLC increased its holdings in MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 143.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,105 shares of the company's stock after acquiring an additional 202,845 shares during the period. Almitas Capital LLC owned about 1.35% of MFS High Yield Municipal Trust worth $1,211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew its position in MFS High Yield Municipal Trust by 82.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company's stock valued at $130,000 after purchasing an additional 16,633 shares in the last quarter. Bank of New York Mellon Corp boosted its position in MFS High Yield Municipal Trust by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company's stock valued at $765,000 after purchasing an additional 26,395 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of MFS High Yield Municipal Trust in the 4th quarter valued at approximately $71,000. Raymond James Financial Inc. bought a new position in MFS High Yield Municipal Trust during the fourth quarter valued at approximately $166,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its position in MFS High Yield Municipal Trust by 76.3% in 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. Hedge funds and other institutional investors own 32.39% of the company's stock.

MFS High Yield Municipal Trust Stock Down 0.1 %

Shares of MFS High Yield Municipal Trust stock traded down $0.01 during midday trading on Monday, reaching $3.40. 28,752 shares of the company's stock traded hands, compared to its average volume of 53,977. MFS High Yield Municipal Trust has a 52 week low of $3.18 and a 52 week high of $3.70. The company's 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.52.

MFS High Yield Municipal Trust Increases Dividend

The company also recently declared 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 represents a $0.19 dividend on an annualized basis and a yield of 5.48%. This is a boost from MFS High Yield Municipal Trust's previous monthly dividend of $0.01. The ex-dividend date is Tuesday, May 13th.

MFS High Yield Municipal Trust Company Profile

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.