Hennion & Walsh Asset Management Inc. Has $1.73 Million Holdings in MFS High Yield Municipal Trust (NYSE:CMU)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 490,828 shares of the company’s stock after selling 3,966 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in MFS High Yield Municipal Trust were worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMU. Bank of New York Mellon Corp acquired a new stake in MFS High Yield Municipal Trust during the 2nd quarter worth about $356,000. Almitas Capital LLC increased its holdings in shares of 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 valued at $314,000 after purchasing an additional 4,759 shares during the period. Graham Capital Wealth Management LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter valued at about $285,000. Sanctuary Advisors LLC acquired a new position in shares of MFS High Yield Municipal Trust in the 2nd quarter valued at about $42,000. Finally, International Assets Investment Management LLC increased its holdings in shares of MFS High Yield Municipal Trust by 270.9% in the 3rd quarter. International Assets Investment Management LLC now owns 46,398 shares of the company’s stock valued at $170,000 after purchasing an additional 33,890 shares during the period. Institutional investors and hedge funds own 32.39% of the company’s stock.

MFS High Yield Municipal Trust Stock Performance

Shares of CMU opened at $3.51 on Friday. MFS High Yield Municipal Trust has a fifty-two week low of $3.20 and a fifty-two week high of $3.70. The business’s 50-day moving average is $3.56 and its 200-day moving average is $3.57.

MFS High Yield Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.0145 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.96%.

MFS High Yield Municipal Trust 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.