Ackerman Capital Advisors LLC Takes Position in MFS High Yield Municipal Trust (NYSE:CMU)

Ackerman Capital Advisors LLC bought a new position in MFS High Yield Municipal Trust (NYSE:CMU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,011 shares of the company’s stock, valued at approximately $70,000. Ackerman Capital Advisors LLC owned approximately 0.07% of MFS High Yield Municipal Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of MFS High Yield Municipal Trust in the second quarter valued at $42,000. Simplicity Wealth LLC acquired a new stake in shares of MFS High Yield Municipal Trust during the second quarter worth $46,000. Blue Bell Private Wealth Management LLC raised its position in shares of MFS High Yield Municipal Trust by 137.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock worth $135,000 after purchasing an additional 22,754 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $170,000 after purchasing an additional 33,890 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter valued at $285,000. 32.39% of the stock is owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Stock Performance

NYSE CMU opened at $3.56 on Friday. MFS High Yield Municipal Trust has a 1 year low of $2.78 and a 1 year high of $3.70. The stock’s 50-day moving average price is $3.61 and its two-hundred day moving average price is $3.47.

MFS High Yield Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0145 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.89%.

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.