Thomas J. Herzfeld Advisors Inc. Boosts Holdings in MFS High Yield Municipal Trust (NYSE:CMU)

Thomas J. Herzfeld Advisors Inc. grew its stake in MFS High Yield Municipal Trust (NYSE:CMU) by 76.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,360 shares of the company’s stock after purchasing an additional 123,039 shares during the quarter. Thomas J. Herzfeld Advisors Inc. owned approximately 1.12% of MFS High Yield Municipal Trust worth $1,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. XTX Topco Ltd acquired a new stake in MFS High Yield Municipal Trust in the 3rd quarter worth about $37,000. Noble Wealth Management PBC acquired a new position in shares of MFS High Yield Municipal Trust during the fourth quarter valued at approximately $71,000. Atria Wealth Solutions Inc. lifted its position in shares of MFS High Yield Municipal Trust by 82.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock valued at $130,000 after acquiring an additional 16,633 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter worth approximately $166,000. Finally, Bank of New York Mellon Corp increased its position in shares of MFS High Yield Municipal Trust by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company’s stock worth $765,000 after purchasing an additional 26,395 shares in the last quarter. Hedge funds and other institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

NYSE CMU opened at $3.48 on Tuesday. The business has a fifty day moving average price of $3.55 and a 200 day moving average price of $3.57. MFS High Yield Municipal Trust has a one year low of $3.20 and a one year high of $3.70.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a $0.0145 dividend. This represents a $0.17 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Tuesday, March 18th.

About MFS High Yield Municipal Trust

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.