Drive Wealth Management LLC Has $84,000 Stake in MFS High Yield Municipal Trust (NYSE:CMU)

Drive Wealth Management LLC trimmed its holdings in shares of MFS High Yield Municipal Trust (NYSE:CMU) by 29.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,000 shares of the company’s stock after selling 10,000 shares during the period. Drive Wealth Management LLC’s holdings in MFS High Yield Municipal Trust were worth $84,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CMU. XTX Topco Ltd acquired a new position in MFS High Yield Municipal Trust during the third quarter worth $37,000. Sanctuary Advisors LLC acquired a new stake in shares of MFS High Yield Municipal Trust in the second quarter valued at about $42,000. Ackerman Capital Advisors LLC acquired a new stake in shares of MFS High Yield Municipal Trust in the third quarter valued at about $70,000. International Assets Investment Management LLC grew its position in shares of MFS High Yield Municipal Trust by 270.9% in the third 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 last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of MFS High Yield Municipal Trust in the second quarter valued at about $285,000. 32.39% of the stock is owned by institutional investors and hedge funds.

MFS High Yield Municipal Trust Stock Up 0.3 %

Shares of NYSE:CMU opened at $3.51 on Wednesday. The stock’s 50-day moving average is $3.55 and its 200-day moving average is $3.57. MFS High Yield Municipal Trust has a 52-week low of $3.20 and a 52-week high of $3.70.

MFS High Yield Municipal Trust Announces Dividend

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

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.