Robinson Capital Management LLC lowered its position in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 53.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,726 shares of the company’s stock after selling 200,846 shares during the period. Robinson Capital Management LLC owned 0.63% of MFS High Yield Municipal Trust worth $870,000 at the end of the most recent quarter.
Separately, Cetera Advisors LLC acquired a new position in shares of MFS High Yield Municipal Trust during the fourth quarter worth $50,000. Institutional investors own 8.65% of the company’s stock.
Shares of CMU stock traded down $0.02 on Friday, reaching $4.87. 2,500 shares of the stock were exchanged, compared to its average volume of 52,820. The company’s 50 day moving average price is $4.81. MFS High Yield Municipal Trust has a twelve month low of $4.08 and a twelve month high of $4.99.
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.
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