MFS High Yield Municipal Trust (NYSE:CMU) Shares Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC raised its position in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 19.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,320,718 shares of the company’s stock after buying an additional 219,483 shares during the quarter. Rivernorth Capital Management LLC owned about 0.05% of MFS High Yield Municipal Trust worth $4,840,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CMU. XTX Topco Ltd acquired a new stake in shares of MFS High Yield Municipal Trust during the 3rd quarter valued at approximately $37,000. Sanctuary Advisors LLC bought a new stake in MFS High Yield Municipal Trust during the second quarter valued at $42,000. Ackerman Capital Advisors LLC acquired a new stake in shares of MFS High Yield Municipal Trust during the third quarter worth $70,000. Blue Bell Private Wealth Management LLC lifted its position in shares of MFS High Yield Municipal Trust by 137.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after buying an additional 22,754 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after buying an additional 33,890 shares during the period. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE CMU opened at $3.64 on Friday. The firm’s 50-day moving average price is $3.60 and its two-hundred day moving average price is $3.54. MFS High Yield Municipal Trust has a 52-week low of $3.20 and a 52-week high of $3.70.

MFS High Yield Municipal Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0145 per share. The ex-dividend date is Tuesday, December 17th.

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.