Stratos Wealth Partners LTD. Purchases Shares of 20,475 MFS High Yield Municipal Trust (NYSE:CMU)

Stratos Wealth Partners LTD. purchased a new stake in MFS High Yield Municipal Trust (NYSE:CMU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,475 shares of the company’s stock, valued at approximately $68,000. Stratos Wealth Partners LTD. owned approximately 0.07% of MFS High Yield Municipal Trust as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMU. Saba Capital Management L.P. lifted its position in shares of MFS High Yield Municipal Trust by 1.4% in the third quarter. Saba Capital Management L.P. now owns 3,351,581 shares of the company’s stock valued at $10,490,000 after buying an additional 46,530 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in shares of MFS High Yield Municipal Trust by 87.7% in the first quarter. Rivernorth Capital Management LLC now owns 1,137,238 shares of the company’s stock valued at $4,401,000 after buying an additional 531,223 shares during the last quarter. Robinson Capital Management LLC lifted its position in shares of MFS High Yield Municipal Trust by 2.4% in the first quarter. Robinson Capital Management LLC now owns 715,718 shares of the company’s stock valued at $2,770,000 after buying an additional 17,006 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of MFS High Yield Municipal Trust by 182.0% in the third quarter. City of London Investment Management Co. Ltd. now owns 709,091 shares of the company’s stock valued at $2,219,000 after buying an additional 457,678 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of MFS High Yield Municipal Trust by 5.5% in the first quarter. UBS Group AG now owns 459,430 shares of the company’s stock valued at $1,778,000 after buying an additional 24,080 shares during the last quarter. 32.39% of the stock is currently owned by institutional investors.

MFS High Yield Municipal Trust Stock Up 0.9 %

CMU opened at $3.26 on Thursday. MFS High Yield Municipal Trust has a 12-month low of $2.78 and a 12-month high of $3.38. The business has a 50 day moving average of $3.30 and a 200-day moving average of $3.20.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be given a $0.0135 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.97%.

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.