Atria Wealth Solutions Inc. Decreases Stock Position in MFS HI YLD $CMU

Atria Wealth Solutions Inc. cut its stake in MFS HI YLD (NYSE:CMU) by 48.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,976 shares of the company’s stock after selling 17,859 shares during the period. Atria Wealth Solutions Inc. owned 0.07% of MFS HI YLD worth $66,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CMU. Bulldog Investors LLP raised its holdings in MFS HI YLD by 73.0% in the fourth quarter. Bulldog Investors LLP now owns 2,345,443 shares of the company’s stock valued at $8,280,000 after acquiring an additional 989,618 shares in the last quarter. Almitas Capital LLC raised its holdings in MFS HI YLD by 143.6% in the fourth quarter. Almitas Capital LLC now owns 344,105 shares of the company’s stock valued at $1,211,000 after acquiring an additional 202,845 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in MFS HI YLD by 32.2% in the first quarter. Bank of New York Mellon Corp now owns 287,416 shares of the company’s stock valued at $1,003,000 after acquiring an additional 70,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in MFS HI YLD in the fourth quarter valued at $166,000. Finally, CX Institutional acquired a new stake in MFS HI YLD in the first quarter valued at $49,000. 32.39% of the stock is owned by institutional investors and hedge funds.

MFS HI YLD Stock Down 0.5%

CMU opened at $3.32 on Monday. The firm’s fifty day moving average price is $3.31 and its 200 day moving average price is $3.40. MFS HI YLD has a 12-month low of $3.18 and a 12-month high of $3.70.

MFS HI YLD Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.0165 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, August 19th.

About MFS HI YLD

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.