Raymond James Financial Inc. Takes Position in MFS High Yield Municipal Trust (NYSE:CMU)

Raymond James Financial Inc. acquired a new position in MFS High Yield Municipal Trust (NYSE:CMU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 47,130 shares of the company’s stock, valued at approximately $166,000.

Other institutional investors have also recently made changes to their positions in the company. Sit Investment Associates Inc. raised its stake in MFS High Yield Municipal Trust by 106.8% during the 4th quarter. Sit Investment Associates Inc. now owns 2,002,639 shares of the company’s stock worth $7,049,000 after acquiring an additional 1,034,353 shares during the period. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of MFS High Yield Municipal Trust by 76.3% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 284,360 shares of the company’s stock valued at $1,001,000 after purchasing an additional 123,039 shares in the last quarter. Noble Wealth Management PBC purchased a new position in shares of MFS High Yield Municipal Trust in the fourth quarter valued at $71,000. Bank of New York Mellon Corp boosted its stake in MFS High Yield Municipal Trust by 13.8% during the fourth quarter. Bank of New York Mellon Corp now owns 217,416 shares of the company’s stock worth $765,000 after buying an additional 26,395 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in MFS High Yield Municipal Trust by 82.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock worth $130,000 after buying an additional 16,633 shares during the period. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Stock Down 0.3%

NYSE CMU opened at $3.39 on Wednesday. MFS High Yield Municipal Trust has a 52 week low of $3.18 and a 52 week high of $3.70. The company has a fifty day moving average of $3.42 and a two-hundred day moving average of $3.51.

MFS High Yield Municipal Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.0155 per share. This represents a $0.19 annualized dividend and a dividend yield of 5.49%. This is an increase from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, May 13th.

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.