Logan Stone Capital LLC Lowers Holdings in MFS High Yield Municipal Trust (NYSE:CMU)

Logan Stone Capital LLC decreased its position in shares of MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 80.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,446 shares of the company's stock after selling 106,661 shares during the period. Logan Stone Capital LLC owned 0.10% of MFS High Yield Municipal Trust worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd increased its position in 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 valued at $84,000 after buying an additional 13,746 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in MFS High Yield Municipal Trust by 82.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company's stock worth $130,000 after purchasing an additional 16,633 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in MFS High Yield Municipal Trust in the 4th quarter worth approximately $71,000. Bank of New York Mellon Corp grew its position in MFS High Yield Municipal Trust by 13.8% during the 4th quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company's stock worth $765,000 after purchasing an additional 26,395 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of MFS High Yield Municipal Trust during the fourth quarter worth $166,000. 32.39% of the stock is currently owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE CMU remained flat at $3.36 during mid-day trading on Thursday. The company had a trading volume of 48,811 shares, compared to its average volume of 53,659. The stock's fifty day moving average price is $3.41 and its 200 day moving average price is $3.51. MFS High Yield Municipal Trust has a 52-week low of $3.18 and a 52-week 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. Investors of record on Tuesday, May 13th will be given a $0.0155 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.19 dividend on an annualized basis and a yield of 5.54%. This is a positive change from MFS High Yield Municipal Trust's previous monthly dividend of $0.01.

MFS High Yield Municipal Trust 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.