Bank of New York Mellon Corp Acquires 26,395 Shares of MFS High Yield Municipal Trust (NYSE:CMU)

Bank of New York Mellon Corp grew its holdings in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,416 shares of the company’s stock after buying an additional 26,395 shares during the quarter. Bank of New York Mellon Corp owned 0.85% of MFS High Yield Municipal Trust worth $765,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its stake in shares of MFS High Yield Municipal Trust by 19.9% in the third quarter. Rivernorth Capital Management LLC now owns 1,320,718 shares of the company’s stock valued at $4,840,000 after acquiring an additional 219,483 shares during the period. Atria Wealth Solutions Inc. grew its holdings in MFS High Yield Municipal Trust by 82.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock valued at $130,000 after purchasing an additional 16,633 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in MFS High Yield Municipal Trust during the 3rd quarter valued at about $37,000. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE CMU opened at $3.49 on Thursday. MFS High Yield Municipal Trust has a 1 year low of $3.20 and a 1 year high of $3.70. The firm has a 50-day simple moving average of $3.55 and a two-hundred day simple moving average of $3.57.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0145 per share. This represents a $0.17 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Tuesday, March 18th.

MFS High Yield Municipal Trust Company 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.