MFS High Yield Municipal Trust (NYSE:CMU) Shares Purchased by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. increased its holdings in MFS High Yield Municipal Trust (NYSE:CMU - Free Report) by 76.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,360 shares of the company's stock after acquiring an additional 123,039 shares during the quarter. Thomas J. Herzfeld Advisors Inc. owned approximately 1.12% of MFS High Yield Municipal Trust worth $1,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMU. Rivernorth Capital Management LLC lifted its position in shares of MFS High Yield Municipal Trust by 19.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,320,718 shares of the company's stock valued at $4,840,000 after buying an additional 219,483 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of MFS High Yield Municipal Trust during the 4th quarter worth approximately $166,000. Bank of New York Mellon Corp lifted 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 acquiring an additional 26,395 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in MFS High Yield Municipal Trust in the fourth quarter valued at approximately $71,000. Finally, Atria Wealth Solutions Inc. grew its holdings in MFS High Yield Municipal Trust by 82.3% in the fourth 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 during the last quarter. 32.39% of the stock is currently owned by institutional investors.

MFS High Yield Municipal Trust Price Performance

Shares of CMU stock traded up $0.01 during trading hours on Friday, reaching $3.52. 62,048 shares of the company's stock were exchanged, compared to its average volume of 51,926. The stock's fifty day moving average price is $3.55 and its two-hundred day moving average price is $3.57. MFS High Yield Municipal Trust has a 1 year low of $3.20 and a 1 year high of $3.70.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0145 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.17 dividend on an annualized basis and a yield of 4.94%.

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.