MFS High Yield Municipal Trust (CMU) To Go Ex-Dividend on April 16th

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Wednesday, April 17th will be paid a dividend of 0.0135 per share on Tuesday, April 30th. This represents a $0.16 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Tuesday, April 16th.

MFS High Yield Municipal Trust Trading Down 0.3 %

CMU traded down $0.01 during trading on Wednesday, reaching $3.31. 56,931 shares of the company’s stock were exchanged, compared to its average volume of 68,684. MFS High Yield Municipal Trust has a one year low of $2.78 and a one year high of $3.38. The firm has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $3.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMU. Rivernorth Capital Management LLC lifted its position in shares of MFS High Yield Municipal Trust by 87.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,137,238 shares of the company’s stock valued at $4,401,000 after acquiring an additional 531,223 shares during the period. Robinson Capital Management LLC lifted its position in shares of MFS High Yield Municipal Trust by 2.4% during the 1st quarter. Robinson Capital Management LLC now owns 715,718 shares of the company’s stock valued at $2,770,000 after acquiring an additional 17,006 shares during the period. UBS Group AG lifted its position in shares of MFS High Yield Municipal Trust by 5.5% during the 1st quarter. UBS Group AG now owns 459,430 shares of the company’s stock valued at $1,778,000 after acquiring an additional 24,080 shares during the period. Logan Stone Capital LLC lifted its position in shares of MFS High Yield Municipal Trust by 30.2% during the 4th quarter. Logan Stone Capital LLC now owns 336,830 shares of the company’s stock valued at $1,054,000 after acquiring an additional 78,130 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of MFS High Yield Municipal Trust by 33.0% during the 2nd quarter. Osaic Holdings Inc. now owns 198,707 shares of the company’s stock valued at $640,000 after acquiring an additional 49,356 shares during the period. Institutional investors and hedge funds own 32.39% of the company’s stock.

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.