Hennion & Walsh Asset Management Inc. Has $1.81 Million Stock Holdings in MFS High Yield Municipal Trust (NYSE:CMU)

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,794 shares of the company’s stock after selling 4,792 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 1.94% of MFS High Yield Municipal Trust worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in MFS High Yield Municipal Trust by 270.9% during the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after acquiring an additional 33,890 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in MFS High Yield Municipal Trust during the second quarter valued at approximately $42,000. Graham Capital Wealth Management LLC acquired a new position in MFS High Yield Municipal Trust in the 2nd quarter valued at approximately $285,000. Almitas Capital LLC lifted its position in MFS High Yield Municipal Trust by 5.5% in the 2nd quarter. Almitas Capital LLC now owns 91,488 shares of the company’s stock worth $314,000 after buying an additional 4,759 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of MFS High Yield Municipal Trust by 137.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,301 shares of the company’s stock valued at $135,000 after buying an additional 22,754 shares during the period. 32.39% of the stock is owned by hedge funds and other institutional investors.

MFS High Yield Municipal Trust Stock Up 0.4 %

NYSE CMU opened at $3.57 on Friday. MFS High Yield Municipal Trust has a 1-year low of $2.78 and a 1-year high of $3.70. The firm’s fifty day simple moving average is $3.61 and its 200-day simple moving average is $3.46.

MFS High Yield Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $0.0145 dividend. This represents a $0.17 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, October 15th.

About MFS High Yield Municipal Trust

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.