Mfs Hi Yld (NYSE:CMU) Stock Price Down 0.1% - Time to Sell?

Mfs Hi Yld (NYSE:CMU - Get Free Report)'s stock price traded down 0.1% during trading on Monday . The company traded as low as $3.54 and last traded at $3.5650. 49,884 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 67,586 shares. The stock had previously closed at $3.57.Mfs Hi Yld Stock Down 0.1%The stock has a 50 day moving average of $3.58 and a 200 day moving average of $3.53. Mfs Hi Yld Announces DividendThe company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be paid a $0.0165 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, April 14th. Hedge Funds Weigh In On Mfs Hi YldHedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Mfs Hi Yld by 46.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,609 shares of the company's stock worth $34,000 after purchasing an additional 3,063 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Mfs Hi Yld in the third quarter valued at approximately $35,000. International Assets Investment Management LLC acquired a new position in Mfs Hi Yld in the third quarter valued at approximately $44,000. Closed End Fund Advisors Inc. acquired a new position in Mfs Hi Yld in the fourth quarter valued at approximately $46,000. Finally, Spirepoint Private Client LLC acquired a new position in Mfs Hi Yld in the third quarter valued at approximately $56,000. 32.39% of the stock is currently owned by institutional investors and hedge funds. Mfs Hi Yld Company Profile (Get Free Report)MFS High Income Municipal Trust NYSE: CMU is a closed-end management investment company that seeks to provide total return through a combination of current income exempt from U.S. federal income tax and capital appreciation. The fund primarily invests in high-yield municipal securities, focusing on non-investment-grade and lower-rated municipal bonds across a variety of sectors. By targeting issuers with attractive yield characteristics, the trust aims to deliver enhanced tax-exempt income to its shareholders. The investment strategy of the fund emphasizes in-depth credit analysis, sector allocation and risk management.Recommended StoriesFive stocks we like better than Mfs Hi YldThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mfs Hi Yld Right Now?Before you consider Mfs Hi Yld, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mfs Hi Yld wasn't on the list.While Mfs Hi Yld currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here