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

Sit Investment Associates Inc. decreased its position in Mfs Hi Yld (NYSE:CMU) by 95.5% during the fourth quarter, according to the company in 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 quarter. Sit Investment Associates Inc. owned approximately 0.19% of Mfs Hi Yld worth $166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Mfs Hi Yld by 46.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,609 shares of the company’s stock valued at $34,000 after purchasing an additional 3,063 shares during the period. Cetera Investment Advisers increased its position in shares of Mfs Hi Yld by 26.8% during the 2nd quarter. Cetera Investment Advisers now owns 25,746 shares of the company’s stock valued at $86,000 after purchasing an additional 5,445 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Mfs Hi Yld by 37.6% in the 3rd quarter. Citadel Advisors LLC now owns 29,161 shares of the company’s stock worth $101,000 after purchasing an additional 7,969 shares during the period. Nomura Holdings Inc. bought a new position in shares of Mfs Hi Yld in the 3rd quarter worth approximately $35,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Mfs Hi Yld by 2.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 558,611 shares of the company’s stock worth $1,961,000 after buying an additional 12,171 shares during the last quarter. 32.39% of the stock is owned by hedge funds and other institutional investors.

Mfs Hi Yld Stock Performance

Shares of NYSE CMU opened at $3.36 on Friday. The firm has a 50 day moving average of $3.48 and a 200 day moving average of $3.52. Mfs Hi Yld has a 12-month low of $3.21 and a 12-month high of $3.71.

Mfs Hi Yld Announces Dividend

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

Mfs Hi Yld 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.