21,900 Shares in MFS High Yield Municipal Trust (NYSE:CMU) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new stake in MFS High Yield Municipal Trust (NYSE:CMU) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 21,900 shares of the company’s stock, valued at approximately $72,000.

Other large investors also recently bought and sold shares of the company. City of London Investment Management Co. Ltd. lifted its position in shares of MFS High Yield Municipal Trust by 182.0% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 709,091 shares of the company’s stock valued at $2,219,000 after acquiring an additional 457,678 shares during the period. Stratos Wealth Partners LTD. purchased a new position in MFS High Yield Municipal Trust during the 4th quarter valued at about $68,000. Robinson Capital Management LLC acquired a new position in MFS High Yield Municipal Trust during the third quarter worth about $791,000. Pathstone Family Office LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the third quarter valued at about $37,000. Finally, Saba Capital Management L.P. lifted its holdings in shares of MFS High Yield Municipal Trust by 1.4% in the third quarter. Saba Capital Management L.P. now owns 3,351,581 shares of the company’s stock valued at $10,490,000 after purchasing an additional 46,530 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 opened at $3.22 on Monday. The stock’s fifty day simple moving average is $3.29 and its 200-day simple moving average is $3.21. MFS High Yield Municipal Trust has a 52-week low of $2.78 and a 52-week high of $3.38.

MFS High Yield Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be issued a dividend of $0.0135 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.03%.

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.