Ackerman Capital Advisors LLC Buys Shares of 19,011 MFS High Yield Municipal Trust (NYSE:CMU)

Ackerman Capital Advisors LLC purchased a new position in MFS High Yield Municipal Trust (NYSE:CMU) in the third quarter, Holdings Channel reports. The fund purchased 19,011 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also made changes to their positions in the stock. Robinson Capital Management LLC grew its holdings in shares of MFS High Yield Municipal Trust by 2.0% during the 1st quarter. Robinson Capital Management LLC now owns 192,160 shares of the company’s stock valued at $626,000 after acquiring an additional 3,822 shares in the last quarter. Almitas Capital LLC boosted its position in MFS High Yield Municipal Trust by 5.5% during the second quarter. Almitas Capital LLC now owns 91,488 shares of the company’s stock valued at $314,000 after purchasing an additional 4,759 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in MFS High Yield Municipal Trust during the second quarter valued at $42,000. Simplicity Wealth LLC purchased a new position in MFS High Yield Municipal Trust in the second quarter valued at about $46,000. Finally, Blue Bell Private Wealth Management LLC increased its position in MFS High Yield Municipal Trust by 137.5% in 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. 32.39% of the stock is currently owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Price Performance

CMU opened at $3.56 on Friday. MFS High Yield Municipal Trust has a fifty-two week low of $2.78 and a fifty-two week high of $3.70. The business has a 50-day moving average of $3.61 and a 200-day moving average of $3.47.

MFS High Yield Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0145 per share. This represents a $0.17 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.