Raymond James & Associates Sells 15,000 Shares of MFS High Yield Municipal Trust (NYSE:CMU)

Raymond James & Associates cut its stake in MFS High Yield Municipal Trust (NYSE:CMU) by 56.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,415 shares of the company’s stock after selling 15,000 shares during the period. Raymond James & Associates’ holdings in MFS High Yield Municipal Trust were worth $38,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CMU. Saba Capital Management L.P. lifted its position in MFS High Yield Municipal Trust by 1.4% during the third quarter. Saba Capital Management L.P. now owns 3,351,581 shares of the company’s stock worth $10,490,000 after purchasing an additional 46,530 shares during the period. Robinson Capital Management LLC acquired a new stake in shares of MFS High Yield Municipal Trust during the 3rd quarter worth approximately $791,000. Thomas J. Herzfeld Advisors Inc. increased its stake in MFS High Yield Municipal Trust by 5,841.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 114,670 shares of the company’s stock valued at $359,000 after acquiring an additional 112,740 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in MFS High Yield Municipal Trust by 182.0% during 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 purchasing an additional 457,678 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new position in MFS High Yield Municipal Trust during the third quarter valued at approximately $37,000. 32.39% of the stock is currently owned by institutional investors.

MFS High Yield Municipal Trust Stock Up 0.2 %

Shares of CMU stock opened at $3.27 on Friday. MFS High Yield Municipal Trust has a fifty-two week low of $2.78 and a fifty-two week high of $3.38. The stock’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $3.21.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th were paid a $0.0135 dividend. This represents a $0.16 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, April 16th.

MFS High Yield Municipal Trust Profile

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.