MFS High Yield Municipal Trust (NYSE:CMU) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its position in MFS High Yield Municipal Trust (NYSE:CMU) by 1.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 502,662 shares of the company’s stock after selling 7,109 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.77% of MFS High Yield Municipal Trust worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMU. Stratos Wealth Partners LTD. acquired a new position in shares of MFS High Yield Municipal Trust in the fourth quarter valued at approximately $68,000. City of London Investment Management Co. Ltd. grew its stake in MFS High Yield Municipal Trust by 39.1% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 986,236 shares of the company’s stock worth $3,264,000 after acquiring an additional 277,145 shares during the period. Novak & Powell Financial Services Inc. acquired a new position in MFS High Yield Municipal Trust in the 4th quarter valued at $91,000. Wolverine Asset Management LLC purchased a new position in shares of MFS High Yield Municipal Trust during the 4th quarter worth $72,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of MFS High Yield Municipal Trust by 178.9% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 16,547 shares of the company’s stock worth $55,000 after purchasing an additional 10,615 shares during the last quarter. 32.39% of the stock is currently owned by hedge funds and other institutional investors.

MFS High Yield Municipal Trust Stock Up 0.3 %

Shares of NYSE:CMU opened at $3.43 on Friday. The business has a fifty day simple moving average of $3.32 and a 200-day simple moving average of $3.31. MFS High Yield Municipal Trust has a 52 week low of $2.78 and a 52 week high of $3.45.

MFS High Yield Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 18th were issued a $0.0135 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.16 dividend on an annualized basis and a yield of 4.72%.

MFS High Yield Municipal Trust 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.