OLD Mission Capital LLC Takes $48,000 Position in MFS High Yield Municipal Trust (NYSE:CMU)

OLD Mission Capital LLC purchased a new position in shares of MFS High Yield Municipal Trust (NYSE:CMUGet Rating) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,281 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMU. Guggenheim Capital LLC acquired a new position in MFS High Yield Municipal Trust during the 1st quarter worth about $42,000. Doyle Wealth Management acquired a new position in MFS High Yield Municipal Trust during the 1st quarter worth about $66,000. Commonwealth Equity Services LLC lifted its position in MFS High Yield Municipal Trust by 40.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 17,361 shares of the company’s stock worth $67,000 after buying an additional 4,959 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in MFS High Yield Municipal Trust by 39.4% during the 1st quarter. Landscape Capital Management L.L.C. now owns 17,265 shares of the company’s stock worth $67,000 after buying an additional 4,880 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its position in MFS High Yield Municipal Trust by 87.3% during the 1st quarter. Clear Harbor Asset Management LLC now owns 21,640 shares of the company’s stock worth $84,000 after buying an additional 10,085 shares in the last quarter.

MFS High Yield Municipal Trust Stock Performance

MFS High Yield Municipal Trust stock opened at $3.01 on Monday. MFS High Yield Municipal Trust has a 1 year low of $2.88 and a 1 year high of $4.70. The company’s 50-day moving average is $3.05 and its two-hundred day moving average is $3.31.

MFS High Yield Municipal Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.0125 per share. The ex-dividend date is Tuesday, November 15th. This represents a $0.15 dividend on an annualized basis and a yield of 4.98%.

MFS High Yield Municipal Trust Profile

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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.

See Also

Institutional Ownership by Quarter for MFS High Yield Municipal Trust (NYSE:CMU)

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