Morgan Stanley lifted its stake in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 13.7% during the second quarter, HoldingsChannel.com reports. The firm owned 129,114 shares of the company’s stock after purchasing an additional 15,522 shares during the period. Morgan Stanley’s holdings in MFS High Yield Municipal Trust were worth $611,000 at the end of the most recent reporting period.
Separately, Private Advisor Group LLC acquired a new position in shares of MFS High Yield Municipal Trust during the 2nd quarter worth $106,000. Hedge funds and other institutional investors own 8.05% of the company’s stock.
NYSE:CMU opened at $4.74 on Friday. MFS High Yield Municipal Trust has a fifty-two week low of $4.08 and a fifty-two week high of $4.99. The firm’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $4.71.
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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