Sit Investment Associates Inc. raised its position in MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 106.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,002,639 shares of the company's stock after purchasing an additional 1,034,353 shares during the period. Sit Investment Associates Inc. owned about 7.86% of MFS High Yield Municipal Trust worth $7,049,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd purchased a new stake in MFS High Yield Municipal Trust in the 3rd quarter valued at approximately $37,000. Noble Wealth Management PBC acquired a new stake in shares of MFS High Yield Municipal Trust during the fourth quarter valued at $71,000. Atria Wealth Solutions Inc. increased its position in 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 purchasing an additional 16,633 shares in the last quarter. Raymond James Financial Inc. acquired a new position in MFS High Yield Municipal Trust in the 4th quarter valued at about $166,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 26,395 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 Performance
Shares of NYSE CMU traded down $0.03 during midday trading on Friday, reaching $3.20. 131,779 shares of the stock were exchanged, compared to its average volume of 53,591. The stock has a 50 day moving average price of $3.53 and a 200-day moving average price of $3.56. MFS High Yield Municipal Trust has a 52-week low of $3.19 and a 52-week high of $3.70.
MFS High Yield Municipal Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.0145 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.17 annualized dividend and a yield of 5.45%.
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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