MFS High Yield Municipal Trust (NYSE:CMU) Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC reduced its stake in MFS High Yield Municipal Trust (NYSE:CMUFree Report) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,000 shares of the company’s stock after selling 5,200 shares during the period. Drive Wealth Management LLC owned approximately 0.12% of MFS High Yield Municipal Trust worth $113,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of MFS High Yield Municipal Trust in the first quarter valued at $33,000. Guggenheim Capital LLC acquired a new stake in MFS High Yield Municipal Trust in the first quarter valued at $35,000. Pathstone Family Office LLC acquired a new stake in MFS High Yield Municipal Trust in the third quarter valued at $37,000. Bank of New York Mellon Corp acquired a new stake in MFS High Yield Municipal Trust in the second quarter valued at $43,000. Finally, Cetera Advisor Networks LLC acquired a new stake in MFS High Yield Municipal Trust in the fourth quarter valued at $45,000. 32.39% of the stock is currently owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Stock Performance

MFS High Yield Municipal Trust stock opened at $3.32 on Wednesday. MFS High Yield Municipal Trust has a 1-year low of $2.78 and a 1-year high of $3.38. The stock’s fifty day moving average is $3.30 and its two-hundred day moving average is $3.20.

MFS High Yield Municipal Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.0135 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a yield of 4.88%.

MFS High Yield Municipal Trust Company Profile

(Free Report)

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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Institutional Ownership by Quarter for MFS High Yield Municipal Trust (NYSE:CMU)

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