Rivernorth Capital Management LLC Raises Stake in MFS High Yield Municipal Trust (NYSE:CMU)

Rivernorth Capital Management LLC raised its holdings in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,320,718 shares of the company’s stock after buying an additional 219,483 shares during the period. Rivernorth Capital Management LLC owned about 5.18% of MFS High Yield Municipal Trust worth $4,840,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CMU. Almitas Capital LLC increased its holdings in MFS High Yield Municipal Trust by 5.5% in the 2nd quarter. Almitas Capital LLC now owns 91,488 shares of the company’s stock valued at $314,000 after purchasing an additional 4,759 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of MFS High Yield Municipal Trust in the third quarter valued at about $37,000. Sanctuary Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the 2nd quarter valued at about $42,000. Ackerman Capital Advisors LLC acquired a new position in MFS High Yield Municipal Trust during the 3rd quarter worth approximately $70,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in MFS High Yield Municipal Trust by 137.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after acquiring an additional 22,754 shares during the period. Institutional investors and hedge funds own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Stock Performance

CMU opened at $3.64 on Friday. The firm’s 50 day moving average is $3.60 and its 200-day moving average is $3.54. MFS High Yield Municipal Trust has a 52-week low of $3.20 and a 52-week high of $3.70.

MFS High Yield Municipal Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.0145 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

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.