Rivernorth Capital Management LLC Buys 219,483 Shares of MFS High Yield Municipal Trust (NYSE:CMU)

Rivernorth Capital Management LLC grew its position in shares of MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 19.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,718 shares of the company's stock after buying an additional 219,483 shares during the period. Rivernorth Capital Management LLC owned 5.18% of MFS High Yield Municipal Trust worth $4,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in MFS High Yield Municipal Trust during the third quarter valued at about $37,000. Sanctuary Advisors LLC bought a new stake in shares of MFS High Yield Municipal Trust in the second quarter valued at approximately $42,000. Ackerman Capital Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the 3rd quarter valued at approximately $70,000. Blue Bell Private Wealth Management LLC boosted its holdings in MFS High Yield Municipal Trust by 137.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company's stock worth $135,000 after buying an additional 22,754 shares during the period. Finally, International Assets Investment Management LLC grew its stake in MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company's stock valued at $170,000 after buying an additional 33,890 shares in the last quarter. Institutional investors own 32.39% of the company's stock.

MFS High Yield Municipal Trust Stock Performance

CMU traded down $0.04 during trading on Friday, reaching $3.60. 17,476 shares of the company were exchanged, compared to its average volume of 54,929. MFS High Yield Municipal Trust has a 12-month low of $3.20 and a 12-month high of $3.70. The company's 50-day moving average is $3.60 and its two-hundred day moving average is $3.54.

MFS High Yield Municipal Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.0145 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

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.