Raymond James Financial Inc. bought a new stake in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 111,569 shares of the financial services provider's stock, valued at approximately $297,000. Raymond James Financial Inc. owned approximately 0.10% of MFS Intermediate Income Trust at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter worth about $92,000. Transform Wealth LLC purchased a new position in MFS Intermediate Income Trust during the 4th quarter valued at about $535,000. Kingsview Wealth Management LLC boosted its stake in shares of MFS Intermediate Income Trust by 9.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 266,398 shares of the financial services provider's stock valued at $709,000 after buying an additional 24,010 shares during the period. Stephens Inc. AR boosted its stake in shares of MFS Intermediate Income Trust by 3.5% in the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock valued at $318,000 after buying an additional 4,000 shares during the period. Finally, Private Advisor Group LLC lifted its stake in MFS Intermediate Income Trust by 30.1% during the fourth quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider's stock worth $729,000 after purchasing an additional 63,500 shares during the last quarter. Hedge funds and other institutional investors own 50.90% of the company's stock.
MFS Intermediate Income Trust Price Performance
MIN stock traded down $0.01 during trading on Friday, hitting $2.68. 34,491 shares of the company's stock were exchanged, compared to its average volume of 197,311. The business has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $2.68. MFS Intermediate Income Trust has a 52-week low of $2.58 and a 52-week high of $2.79.
MFS Intermediate Income Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.0196 per share. This represents a $0.23 annualized dividend and a yield of 8.78%. The ex-dividend date is Tuesday, May 13th.
About MFS Intermediate Income Trust
(
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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