Bulldog Investors LLP Has $10.39 Million Stock Holdings in Mfs Hi Yld $CMU

Bulldog Investors LLP lifted its position in Mfs Hi Yld (NYSE:CMU) by 12.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,994,960 shares of the company’s stock after purchasing an additional 323,923 shares during the period. Mfs Hi Yld comprises 2.4% of Bulldog Investors LLP’s portfolio, making the stock its 9th largest holding. Bulldog Investors LLP owned approximately 11.75% of Mfs Hi Yld worth $10,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Mfs Hi Yld during the 3rd quarter valued at $44,000. Spirepoint Private Client LLC purchased a new stake in Mfs Hi Yld in the 3rd quarter worth $56,000. Cetera Investment Advisers raised its holdings in Mfs Hi Yld by 26.8% during the second quarter. Cetera Investment Advisers now owns 25,746 shares of the company’s stock valued at $86,000 after acquiring an additional 5,445 shares during the period. Bank of America Corp DE lifted its position in shares of Mfs Hi Yld by 46.2% in the second quarter. Bank of America Corp DE now owns 94,893 shares of the company’s stock valued at $316,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Mfs Hi Yld by 5.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 377,111 shares of the company’s stock valued at $1,309,000 after acquiring an additional 20,922 shares in the last quarter. 32.39% of the stock is currently owned by institutional investors.

Mfs Hi Yld Stock Down 0.3%

NYSE CMU opened at $3.61 on Friday. Mfs Hi Yld has a twelve month low of $3.18 and a twelve month high of $3.69. The business has a 50-day moving average price of $3.57 and a 200-day moving average price of $3.50.

Mfs Hi Yld Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.0165 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Mfs Hi Yld Profile

MFS High Income Municipal Trust (NYSE:CMU) is a closed-end management investment company that seeks to provide total return through a combination of current income exempt from U.S. federal income tax and capital appreciation. The fund primarily invests in high-yield municipal securities, focusing on non-investment-grade and lower-rated municipal bonds across a variety of sectors. By targeting issuers with attractive yield characteristics, the trust aims to deliver enhanced tax-exempt income to its shareholders.

The investment strategy of the fund emphasizes in-depth credit analysis, sector allocation and risk management.