Sanctuary Advisors LLC Makes New Investment in MFS High Yield Municipal Trust (NYSE:CMU)

Sanctuary Advisors LLC bought a new position in MFS High Yield Municipal Trust (NYSE:CMU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,142 shares of the company’s stock, valued at approximately $42,000. Sanctuary Advisors LLC owned 0.05% of MFS High Yield Municipal Trust as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in shares of MFS High Yield Municipal Trust by 20.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 149,212 shares of the company’s stock valued at $512,000 after purchasing an additional 25,460 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of MFS High Yield Municipal Trust by 65.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 487,176 shares of the company’s stock valued at $1,671,000 after purchasing an additional 192,000 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter valued at $285,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of MFS High Yield Municipal Trust by 137.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock valued at $135,000 after acquiring an additional 22,754 shares in the last quarter. Finally, Almitas Capital LLC lifted its holdings in shares of MFS High Yield Municipal Trust by 5.5% during the 2nd quarter. Almitas Capital LLC now owns 91,488 shares of the company’s stock valued at $314,000 after acquiring an additional 4,759 shares in the last quarter. 32.39% of the stock is owned by hedge funds and other institutional investors.

MFS High Yield Municipal Trust Stock Performance

NYSE:CMU opened at $3.63 on Tuesday. MFS High Yield Municipal Trust has a twelve month low of $2.78 and a twelve month high of $3.70. The firm’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.46.

MFS High Yield Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0145 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Tuesday, October 15th.

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.