Stratos Wealth Partners LTD. purchased a new position in shares of MFS High Yield Municipal Trust (NYSE:CMU – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,475 shares of the company’s stock, valued at approximately $68,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Saba Capital Management L.P. raised its stake in MFS High Yield Municipal Trust by 1.4% during the 3rd quarter. Saba Capital Management L.P. now owns 3,351,581 shares of the company’s stock worth $10,490,000 after buying an additional 46,530 shares during the period. Rivernorth Capital Management LLC raised its stake in MFS High Yield Municipal Trust by 87.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,137,238 shares of the company’s stock worth $4,401,000 after buying an additional 531,223 shares during the period. Robinson Capital Management LLC raised its stake in MFS High Yield Municipal Trust by 2.4% during the 1st quarter. Robinson Capital Management LLC now owns 715,718 shares of the company’s stock worth $2,770,000 after buying an additional 17,006 shares during the period. City of London Investment Management Co. Ltd. lifted its holdings in shares of MFS High Yield Municipal Trust by 182.0% in the third quarter. City of London Investment Management Co. Ltd. now owns 709,091 shares of the company’s stock valued at $2,219,000 after purchasing an additional 457,678 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of MFS High Yield Municipal Trust by 5.5% in the first quarter. UBS Group AG now owns 459,430 shares of the company’s stock valued at $1,778,000 after purchasing an additional 24,080 shares in the last quarter. 32.39% of the stock is owned by institutional investors and hedge funds.
MFS High Yield Municipal Trust Stock Up 0.9 %
Shares of NYSE:CMU opened at $3.26 on Thursday. MFS High Yield Municipal Trust has a 12-month low of $2.78 and a 12-month high of $3.38. The business’s 50 day moving average is $3.30 and its 200 day moving average is $3.20.
MFS High Yield Municipal Trust Dividend Announcement
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.
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