MFS High Yield Municipal Trust (NYSE:CMU) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in MFS High Yield Municipal Trust (NYSE:CMU) by 106.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002,639 shares of the company’s stock after purchasing an additional 1,034,353 shares during the quarter. Sit Investment Associates Inc. owned about 7.86% of MFS High Yield Municipal Trust worth $7,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. XTX Topco Ltd purchased a new position in MFS High Yield Municipal Trust during the third quarter worth approximately $37,000. Noble Wealth Management PBC purchased a new position in shares of MFS High Yield Municipal Trust during the 4th quarter worth $71,000. Atria Wealth Solutions Inc. boosted its position in shares of 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 acquiring an additional 16,633 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter valued at about $166,000. Finally, Bank of New York Mellon Corp increased its position in MFS High Yield Municipal Trust by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company’s stock worth $765,000 after purchasing an additional 26,395 shares during the last quarter. 32.39% of the stock is currently owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Trading Up 0.3 %

NYSE:CMU opened at $3.52 on Friday. The company’s 50-day moving average is $3.55 and its two-hundred day moving average is $3.57. MFS High Yield Municipal Trust has a 1-year low of $3.20 and a 1-year high of $3.70.

MFS High Yield Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.0145 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Tuesday, April 15th.

About MFS High Yield Municipal Trust

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.