MFS High Yield Municipal Trust (NYSE:CMU) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in MFS High Yield Municipal Trust (NYSE:CMU) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,815 shares of the company’s stock after selling 33,583 shares during the period. International Assets Investment Management LLC owned about 0.05% of MFS High Yield Municipal Trust worth $45,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMU. Rivernorth Capital Management LLC boosted its stake in shares of MFS High Yield Municipal Trust by 19.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,320,718 shares of the company’s stock valued at $4,840,000 after buying an additional 219,483 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of MFS High Yield Municipal Trust during the second quarter worth approximately $356,000. Almitas Capital LLC raised its holdings in MFS High Yield Municipal Trust by 5.5% in the second 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. Graham Capital Wealth Management LLC purchased a new position in MFS High Yield Municipal Trust in the second quarter worth approximately $285,000. Finally, Ackerman Capital Advisors LLC acquired a new position in MFS High Yield Municipal Trust during the 3rd quarter worth approximately $70,000. 32.39% of the stock is owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE:CMU opened at $3.50 on Wednesday. MFS High Yield Municipal Trust has a 52 week low of $3.20 and a 52 week high of $3.70. The company’s 50 day moving average is $3.56 and its two-hundred day moving average is $3.57.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.0145 dividend. This represents a $0.17 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, January 14th.

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.