Bulldog Investors LLP Has $8.28 Million Stock Holdings in MFS High Yield Municipal Trust (NYSE:CMU)

Bulldog Investors LLP boosted its stake in shares of MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 73.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,345,443 shares of the company's stock after purchasing an additional 989,618 shares during the period. MFS High Yield Municipal Trust accounts for about 2.2% of Bulldog Investors LLP's investment portfolio, making the stock its 11th biggest holding. Bulldog Investors LLP owned 9.20% of MFS High Yield Municipal Trust worth $8,280,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Noble Wealth Management PBC bought a new position in MFS High Yield Municipal Trust during the fourth quarter worth about $71,000. XTX Topco Ltd boosted its stake in shares of MFS High Yield Municipal Trust by 136.1% during the 4th quarter. XTX Topco Ltd now owns 23,845 shares of the company's stock worth $84,000 after acquiring an additional 13,746 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of MFS High Yield Municipal Trust by 82.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company's stock worth $130,000 after acquiring an additional 16,633 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of MFS High Yield Municipal Trust during the 4th quarter worth approximately $166,000. Finally, Bank of New York Mellon Corp raised its stake in 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 period. 32.39% of the stock is currently owned by institutional investors.

MFS High Yield Municipal Trust Price Performance

CMU stock remained flat at $3.40 during midday trading on Friday. 43,302 shares of the company's stock were exchanged, compared to its average volume of 53,757. MFS High Yield Municipal Trust has a 1 year low of $3.18 and a 1 year high of $3.70. The stock's 50 day simple moving average is $3.42 and its 200-day simple moving average is $3.51.

MFS High Yield Municipal Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors 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 of this dividend is Tuesday, May 13th. This represents a $0.19 annualized dividend and a dividend yield of 5.47%.

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.