Private Advisor Group LLC grew its stake in MFS Intermediate Income Trust (NYSE:MIN – Free Report) by 30.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 274,200 shares of the financial services provider’s stock after buying an additional 63,500 shares during the period. Private Advisor Group LLC’s holdings in MFS Intermediate Income Trust were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Shaker Financial Services LLC boosted its stake in shares of MFS Intermediate Income Trust by 15.5% in the third quarter. Shaker Financial Services LLC now owns 176,098 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 23,605 shares during the period. Wolverine Asset Management LLC bought a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $129,000. Westfuller Advisors LLC bought a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $28,000. Kingsview Wealth Management LLC boosted its stake in shares of MFS Intermediate Income Trust by 6.8% in the third quarter. Kingsview Wealth Management LLC now owns 242,388 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 15,444 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $604,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.
MFS Intermediate Income Trust Stock Down 0.4 %
NYSE MIN opened at $2.70 on Friday. The business has a 50-day moving average price of $2.68 and a 200-day moving average price of $2.71. MFS Intermediate Income Trust has a twelve month low of $2.56 and a twelve month high of $2.79.
MFS Intermediate Income Trust Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.0196 per share. This represents a $0.23 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Tuesday, February 18th.
MFS Intermediate Income Trust Company Profile
(Free Report)
MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.
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