Almitas Capital LLC Acquires 72,440 Shares of MFS HI YLD $CMU

Almitas Capital LLC increased its holdings in MFS HI YLD (NYSE:CMU) by 21.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 416,545 shares of the company’s stock after buying an additional 72,440 shares during the quarter. Almitas Capital LLC owned about 1.63% of MFS HI YLD worth $1,454,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMU. Raymond James Financial Inc. bought a new stake in MFS HI YLD in the 4th quarter worth about $166,000. CX Institutional bought a new stake in MFS HI YLD in the 1st quarter worth about $49,000. Bank of New York Mellon Corp increased its holdings in MFS HI YLD by 32.2% in the 1st quarter. Bank of New York Mellon Corp now owns 287,416 shares of the company’s stock worth $1,003,000 after buying an additional 70,000 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in MFS HI YLD by 8.8% in the 1st quarter. Sit Investment Associates Inc. now owns 2,179,247 shares of the company’s stock worth $7,606,000 after buying an additional 176,608 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. increased its holdings in MFS HI YLD by 24.2% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 353,305 shares of the company’s stock worth $1,233,000 after buying an additional 68,945 shares in the last quarter. 32.39% of the stock is currently owned by institutional investors.

MFS HI YLD Price Performance

Shares of NYSE:CMU opened at $3.28 on Wednesday. The stock’s 50-day simple moving average is $3.29 and its two-hundred day simple moving average is $3.38. MFS HI YLD has a 52-week low of $3.18 and a 52-week high of $3.70.

MFS HI YLD Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were given a $0.0165 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, August 19th.

MFS HI YLD 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.