Mfs Hi Yld $CMU Shares Sold by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. cut its position in shares of Mfs Hi Yld (NYSE:CMU) by 62.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 463,249 shares of the company’s stock after selling 770,945 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Mfs Hi Yld were worth $1,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CMU. Cetera Investment Advisers boosted its position in Mfs Hi Yld by 26.8% during the second quarter. Cetera Investment Advisers now owns 25,746 shares of the company’s stock worth $86,000 after acquiring an additional 5,445 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. raised 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 valued at $1,233,000 after acquiring an additional 68,945 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mfs Hi Yld by 32.2% during the 1st quarter. Bank of New York Mellon Corp now owns 287,416 shares of the company’s stock worth $1,003,000 after purchasing an additional 70,000 shares during the period. Almitas Capital LLC lifted its stake in shares of Mfs Hi Yld by 21.1% during the 1st quarter. Almitas Capital LLC now owns 416,545 shares of the company’s stock worth $1,454,000 after purchasing an additional 72,440 shares during the period. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Mfs Hi Yld by 8.8% during the first quarter. Sit Investment Associates Inc. now owns 2,179,247 shares of the company’s stock worth $7,606,000 after purchasing an additional 176,608 shares during the last quarter. Hedge funds and other institutional investors own 32.39% of the company’s stock.

Mfs Hi Yld Price Performance

Shares of NYSE:CMU opened at $3.49 on Friday. The business has a fifty day simple moving average of $3.48 and a 200-day simple moving average of $3.38. Mfs Hi Yld has a 52 week low of $3.18 and a 52 week high of $3.68.

Mfs Hi Yld Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.0165 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

About Mfs Hi Yld

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.