International Assets Investment Management LLC Trims Position in MFS High Yield Municipal Trust (NYSE:CMU)

International Assets Investment Management LLC decreased its position in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 73.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,356 shares of the company’s stock after selling 34,679 shares during the quarter. International Assets Investment Management LLC’s holdings in MFS High Yield Municipal Trust were worth $41,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. City of London Investment Management Co. Ltd. raised its position in shares of MFS High Yield Municipal Trust by 39.1% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 986,236 shares of the company’s stock valued at $3,264,000 after buying an additional 277,145 shares during the last quarter. Novak & Powell Financial Services Inc. bought a new position in shares of MFS High Yield Municipal Trust during the 4th quarter valued at about $91,000. Wolverine Asset Management LLC purchased a new position in shares of MFS High Yield Municipal Trust during the fourth quarter valued at about $72,000. Stratos Wealth Partners LTD. bought a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter worth about $68,000. Finally, WMG Financial Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust in the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of MFS High Yield Municipal Trust stock opened at $3.44 on Friday. MFS High Yield Municipal Trust has a 12 month low of $2.78 and a 12 month high of $3.44. The stock has a 50 day moving average of $3.32 and a 200 day moving average of $3.30.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be issued a $0.0135 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Tuesday, June 18th.

MFS High Yield Municipal Trust Company 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.