Logan Stone Capital LLC Sells 73,425 Shares of MFS High Yield Municipal Trust (NYSE:CMU)

Logan Stone Capital LLC lowered its position in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 22.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,863 shares of the company’s stock after selling 73,425 shares during the quarter. Logan Stone Capital LLC’s holdings in MFS High Yield Municipal Trust were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. bought a new position in shares of MFS High Yield Municipal Trust during the 1st quarter worth approximately $35,000. Simplicity Wealth LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the 2nd quarter worth approximately $46,000. Novak & Powell Financial Services Inc. purchased a new stake in shares of MFS High Yield Municipal Trust during the 4th quarter worth approximately $91,000. Blue Bell Private Wealth Management LLC increased its stake in shares of MFS High Yield Municipal Trust by 137.5% during the 2nd 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 last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of MFS High Yield Municipal Trust during the 2nd quarter worth approximately $356,000. Institutional investors own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Stock Performance

Shares of CMU stock opened at $3.62 on Friday. The company has a 50 day moving average of $3.57 and a 200-day moving average of $3.42. MFS High Yield Municipal Trust has a 12-month low of $2.78 and a 12-month high of $3.67.

MFS High Yield Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.0145 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.17 annualized dividend and a dividend yield of 4.81%.

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.