111,569 Shares in MFS Intermediate Income Trust (NYSE:MIN) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 111,569 shares of the financial services provider's stock, valued at approximately $297,000. Raymond James Financial Inc. owned about 0.10% of MFS Intermediate Income Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MIN. Advisory Services Network LLC bought a new position in shares of MFS Intermediate Income Trust in the fourth quarter worth about $45,000. Jane Street Group LLC purchased a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at about $92,000. Stephens Inc. AR boosted its position in 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. Transform Wealth LLC bought a new position in MFS Intermediate Income Trust in the 4th quarter worth about $535,000. Finally, Kingsview Wealth Management LLC increased its position in shares of MFS Intermediate Income Trust by 9.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 266,398 shares of the financial services provider's stock worth $709,000 after acquiring an additional 24,010 shares during the period. 50.90% of the stock is owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Stock Performance

Shares of NYSE:MIN traded down $0.03 during trading on Wednesday, reaching $2.67. 172,071 shares of the company were exchanged, compared to its average volume of 198,165. The business's fifty day simple moving average is $2.68 and its 200-day simple moving average is $2.68. MFS Intermediate Income Trust has a 12-month low of $2.58 and a 12-month high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.0196 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.23 annualized dividend and a yield of 8.80%.

MFS Intermediate Income Trust Company Profile

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.