Sit Investment Associates Inc. Lowers Position in Mfs Hi Yld $CMU

Sit Investment Associates Inc. lessened its stake in shares of Mfs Hi Yld (NYSE:CMU) by 95.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 47,357 shares of the company’s stock after selling 997,983 shares during the period. Sit Investment Associates Inc.’s holdings in Mfs Hi Yld were worth $166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its position in Mfs Hi Yld by 46.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,609 shares of the company’s stock worth $34,000 after buying an additional 3,063 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Mfs Hi Yld during the 3rd quarter valued at about $35,000. Closed End Fund Advisors Inc. bought a new position in shares of Mfs Hi Yld during the 4th quarter valued at approximately $46,000. Mutual Advisors LLC bought a new position in shares of Mfs Hi Yld during the 4th quarter valued at approximately $74,000. Finally, Cetera Investment Advisers increased its holdings in Mfs Hi Yld by 26.8% in the 2nd quarter. Cetera Investment Advisers now owns 25,746 shares of the company’s stock worth $86,000 after acquiring an additional 5,445 shares in the last quarter. Hedge funds and other institutional investors own 32.39% of the company’s stock.

Mfs Hi Yld Stock Performance

NYSE CMU opened at $3.36 on Friday. Mfs Hi Yld has a 12 month low of $3.21 and a 12 month high of $3.71. The company’s 50 day moving average is $3.48 and its two-hundred day moving average is $3.52.

Mfs Hi Yld Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.0165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Thursday, May 21st.

Mfs Hi Yld Company Profile

MFS High Income Municipal Trust (NYSE:CMU) is a closed-end management investment company that seeks to provide total return through a combination of current income exempt from U.S. federal income tax and capital appreciation. The fund primarily invests in high-yield municipal securities, focusing on non-investment-grade and lower-rated municipal bonds across a variety of sectors. By targeting issuers with attractive yield characteristics, the trust aims to deliver enhanced tax-exempt income to its shareholders.

The investment strategy of the fund emphasizes in-depth credit analysis, sector allocation and risk management.