MFS High Yield Municipal Trust (CMU) Reaches New 1-Year High at $4.81

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MFS High Yield Municipal Trust (NYSE:CMU) shares reached a new 52-week high on Monday . The company traded as high as $4.81 and last traded at $4.80, with a volume of 11 shares traded. The stock had previously closed at $4.78.

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.05%.

Several hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the 4th quarter worth approximately $50,000. Two Sigma Securities LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the 4th quarter worth approximately $75,000. Graves Light Private Wealth Management Inc. purchased a new stake in shares of MFS High Yield Municipal Trust in the 4th quarter worth approximately $80,000. Fisher Asset Management LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the 4th quarter worth approximately $211,000. Finally, Claybrook Capital LLC grew its stake in shares of MFS High Yield Municipal Trust by 7.0% in the 3rd quarter. Claybrook Capital LLC now owns 377,284 shares of the company’s stock worth $1,717,000 after buying an additional 24,834 shares during the last quarter. Hedge funds and other institutional investors own 7.08% of the company’s stock.

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About MFS High Yield Municipal Trust (NYSE:CMU)

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.

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