MFS High Yield Municipal Trust (CMU) Hits New 1-Year Low at $4.36

Shares of MFS High Yield Municipal Trust (NYSE:CMU) hit a new 52-week low during trading on Monday . The stock traded as low as $4.36 and last traded at $4.37, with a volume of 500 shares changing hands. The stock had previously closed at $4.38.

The company also recently announced a monthly dividend, which was paid on Friday, September 28th. Stockholders of record on Wednesday, September 19th were issued a $0.0215 dividend. The ex-dividend date of this dividend was Tuesday, September 18th. This represents a $0.26 annualized dividend and a dividend yield of 5.90%.

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in MFS High Yield Municipal Trust by 55.7% during the second quarter. Bank of America Corp DE now owns 47,800 shares of the company’s stock worth $216,000 after buying an additional 17,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in MFS High Yield Municipal Trust by 357.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 62,403 shares of the company’s stock worth $278,000 after buying an additional 48,775 shares during the last quarter. Laurion Capital Management LP purchased a new stake in MFS High Yield Municipal Trust during the second quarter worth about $878,000. Finally, UBS Group AG increased its holdings in MFS High Yield Municipal Trust by 3.2% during the first quarter. UBS Group AG now owns 635,192 shares of the company’s stock worth $2,827,000 after buying an additional 19,476 shares during the last quarter. Institutional investors own 7.00% of the company’s stock.

MFS High Yield Municipal Trust Company Profile (NYSE:CMU)

MFS High Yield Municipal Trust is a closed-end investment fund. It primarily invests in tax-exempt bonds and tax-exempt notes. The company was founded on January 22, 1987 and is headquartered in Boston, MA.

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