Noble Wealth Management PBC Invests $71,000 in MFS High Yield Municipal Trust (NYSE:CMU)

Noble Wealth Management PBC purchased a new stake in shares of MFS High Yield Municipal Trust (NYSE:CMU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,100 shares of the company’s stock, valued at approximately $71,000. Noble Wealth Management PBC owned approximately 0.08% of MFS High Yield Municipal Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rivernorth Capital Management LLC raised its holdings in MFS High Yield Municipal Trust by 19.9% during the third 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of MFS High Yield Municipal Trust by 13.8% during the 4th quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company’s stock valued at $765,000 after acquiring an additional 26,395 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after acquiring an additional 33,890 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in MFS High Yield Municipal Trust by 82.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock worth $130,000 after purchasing an additional 16,633 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in MFS High Yield Municipal Trust in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Trading Up 0.1 %

Shares of CMU stock opened at $3.60 on Friday. MFS High Yield Municipal Trust has a 12 month low of $3.20 and a 12 month high of $3.70. The business’s 50 day moving average is $3.54 and its two-hundred day moving average is $3.58.

MFS High Yield Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.0145 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.17 dividend on an annualized basis and a yield of 4.83%.

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.