MFS High Yield Municipal Trust (NYSE:CMU) Plans $0.01 Dividend

MFS High Yield Municipal Trust (NYSE:CMUGet Free Report) announced a dividend on Thursday, February 1st, NASDAQ reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.0125 per share on Thursday, February 29th. The ex-dividend date is Tuesday, February 13th.

MFS High Yield Municipal Trust Price Performance

MFS High Yield Municipal Trust stock traded down $0.02 during midday trading on Friday, hitting $3.30. 60,227 shares of the stock were exchanged, compared to its average volume of 61,532. The stock’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.19. MFS High Yield Municipal Trust has a fifty-two week low of $2.78 and a fifty-two week high of $3.38.

Insider Transactions at MFS High Yield Municipal Trust

In related news, major shareholder Saba Capital Management, L.P. bought 10,448 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $2.98 per share, with a total value of $31,135.04. Following the completion of the transaction, the insider now directly owns 3,329,132 shares of the company’s stock, valued at approximately $9,920,813.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On MFS High Yield Municipal Trust

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in MFS High Yield Municipal Trust by 8.5% during the 4th quarter. Captrust Financial Advisors now owns 47,457 shares of the company’s stock valued at $149,000 after acquiring an additional 3,700 shares during the period. Morgan Stanley boosted its stake in shares of MFS High Yield Municipal Trust by 3.3% in the fourth quarter. Morgan Stanley now owns 148,495 shares of the company’s stock valued at $465,000 after purchasing an additional 4,715 shares during the period. UBS Group AG grew its holdings in shares of MFS High Yield Municipal Trust by 2.7% in the third quarter. UBS Group AG now owns 296,479 shares of the company’s stock valued at $892,000 after purchasing an additional 7,758 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in MFS High Yield Municipal Trust by 36.1% during the 1st quarter. Susquehanna International Group LLP now owns 30,513 shares of the company’s stock worth $98,000 after buying an additional 8,094 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in MFS High Yield Municipal Trust during the 1st quarter worth approximately $33,000. 32.85% of the stock is owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for MFS High Yield Municipal Trust (NYSE:CMU)

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