Mfs Hi Yld $CMU Shares Bought by Almitas Capital LLC

Almitas Capital LLC grew its holdings in shares of Mfs Hi Yld (NYSE:CMU) by 131.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,507,168 shares of the company’s stock after buying an additional 855,533 shares during the period. Mfs Hi Yld accounts for about 1.2% of Almitas Capital LLC’s holdings, making the stock its 16th largest holding. Almitas Capital LLC owned about 5.91% of Mfs Hi Yld worth $5,230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of Mfs Hi Yld by 26.8% in the 2nd quarter. Cetera Investment Advisers now owns 25,746 shares of the company’s stock valued at $86,000 after acquiring an additional 5,445 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in Mfs Hi Yld by 55.8% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 550,525 shares of the company’s stock worth $1,833,000 after purchasing an additional 197,220 shares during the last quarter. Bank of America Corp DE boosted its holdings in Mfs Hi Yld by 46.2% in the second quarter. Bank of America Corp DE now owns 94,893 shares of the company’s stock valued at $316,000 after purchasing an additional 30,000 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Mfs Hi Yld by 5.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 377,111 shares of the company’s stock valued at $1,309,000 after purchasing an additional 20,922 shares in the last quarter. Finally, Spirepoint Private Client LLC purchased a new position in Mfs Hi Yld in the third quarter valued at approximately $56,000. 32.39% of the stock is owned by institutional investors and hedge funds.

Mfs Hi Yld Price Performance

CMU stock opened at $3.61 on Friday. Mfs Hi Yld has a twelve month low of $3.18 and a twelve month high of $3.69. The company’s 50 day moving average is $3.57 and its two-hundred day moving average is $3.50.

Mfs Hi Yld Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.0165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 17th.

Mfs Hi Yld Profile

MFS High Income Municipal Trust (NYSE:CMU) is a closed-end management investment company that seeks to provide total return through a combination of current income exempt from U.S. federal income tax and capital appreciation. The fund primarily invests in high-yield municipal securities, focusing on non-investment-grade and lower-rated municipal bonds across a variety of sectors. By targeting issuers with attractive yield characteristics, the trust aims to deliver enhanced tax-exempt income to its shareholders.

The investment strategy of the fund emphasizes in-depth credit analysis, sector allocation and risk management.