Raymond James & Associates Purchases 15,000 Shares of MFS High Yield Municipal Trust (NYSE:CMU)

Raymond James & Associates raised its stake in shares of MFS High Yield Municipal Trust (NYSE:CMUFree Report) by 131.4% in the third quarter, Holdings Channel reports. The fund owned 26,415 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Raymond James & Associates’ holdings in MFS High Yield Municipal Trust were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of MFS High Yield Municipal Trust in the 1st quarter valued at approximately $33,000. Guggenheim Capital LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 1st quarter valued at approximately $35,000. Veritable L.P. acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter valued at approximately $36,000. Bank of New York Mellon Corp acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter valued at approximately $43,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 4th quarter valued at approximately $45,000. 32.85% of the stock is owned by institutional investors.

MFS High Yield Municipal Trust Stock Down 0.3 %

NYSE:CMU opened at $3.30 on Friday. MFS High Yield Municipal Trust has a twelve month low of $2.78 and a twelve month high of $3.38. The business has a 50 day moving average price of $3.28 and a two-hundred day moving average price of $3.19.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.0125 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Tuesday, February 13th.

MFS High Yield Municipal Trust Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS High Yield Municipal Trust (NYSE:CMUFree Report).

Institutional Ownership by Quarter for MFS High Yield Municipal Trust (NYSE:CMU)

Receive News & Ratings for MFS High Yield Municipal Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS High Yield Municipal Trust and related companies with MarketBeat.com's FREE daily email newsletter.