Allspring Global Investments Holdings LLC Acquires 192,000 Shares of MFS High Yield Municipal Trust (NYSE:CMU)

Allspring Global Investments Holdings LLC increased its stake in MFS High Yield Municipal Trust (NYSE:CMU) by 65.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 487,176 shares of the company’s stock after buying an additional 192,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MFS High Yield Municipal Trust were worth $1,671,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CMU. Mesirow Financial Investment Management Inc. purchased a new position in MFS High Yield Municipal Trust in the first quarter valued at about $35,000. Simplicity Wealth LLC bought a new stake in shares of MFS High Yield Municipal Trust in the second quarter valued at approximately $46,000. WMG Financial Advisors LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the 4th quarter valued at approximately $66,000. Novak & Powell Financial Services Inc. bought a new position in MFS High Yield Municipal Trust in the 4th quarter worth approximately $91,000. Finally, Bank of New York Mellon Corp purchased a new position in MFS High Yield Municipal Trust in the 2nd quarter valued at approximately $356,000. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Price Performance

Shares of CMU stock opened at $3.60 on Wednesday. The company’s fifty day simple moving average is $3.51 and its two-hundred day simple moving average is $3.38. MFS High Yield Municipal Trust has a 1 year low of $2.78 and a 1 year high of $3.61.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 13th were issued a dividend of $0.0145 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.17 dividend on an annualized basis and a yield of 4.83%.

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.