Noble Wealth Management PBC Buys New Holdings in MFS High Yield Municipal Trust (NYSE:CMU)

Noble Wealth Management PBC purchased a new position in shares of MFS High Yield Municipal Trust (NYSE:CMU) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 20,100 shares of the company’s stock, valued at approximately $71,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMU. XTX Topco Ltd bought a new position in shares of MFS High Yield Municipal Trust during the 3rd quarter worth about $37,000. Atria Wealth Solutions Inc. raised its position in MFS High Yield Municipal Trust by 82.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 36,835 shares of the company’s stock worth $130,000 after purchasing an additional 16,633 shares in the last quarter. International Assets Investment Management LLC lifted its stake in MFS High Yield Municipal Trust by 270.9% during the third quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock worth $170,000 after purchasing an additional 33,890 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 valued at $765,000 after purchasing an additional 26,395 shares in the last quarter. Finally, Rivernorth Capital Management LLC boosted its holdings in MFS High Yield Municipal Trust by 7.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,188,438 shares of the company’s stock valued at $4,362,000 after purchasing an additional 87,203 shares in the last quarter. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of CMU opened at $3.60 on Friday. MFS High Yield Municipal Trust has a 1 year low of $3.20 and a 1 year high of $3.70. The stock has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $3.58.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.0145 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Tuesday, February 18th.

About MFS High Yield Municipal Trust

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.