1607 Capital Partners LLC Sells 205,000 Shares of MFS Intermediate Income Trust $MIN

Key Points

• 1607 Capital Partners LLC reduced its holdings in MFS Intermediate Income Trust by 2.7%, selling 205,000 shares and now owning 7,370,555 shares.
• MFS Intermediate Income Trust recently declared a monthly dividend of $0.0194, which translates to an annualized yield of 8.7% for investors.
• The company's stock is currently trading at $2.68, with a 1 year low of $2.61 and a high of $2.79.

1607 Capital Partners LLC lessened its stake in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,370,555 shares of the financial services provider's stock after selling 205,000 shares during the quarter. MFS Intermediate Income Trust accounts for approximately 1.6% of 1607 Capital Partners LLC's holdings, making the stock its 14th biggest position. 1607 Capital Partners LLC owned approximately 6.48% of MFS Intermediate Income Trust worth $19,827,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MIN. Raymond James Financial Inc. bought a new position in shares of MFS Intermediate Income Trust in the fourth quarter worth approximately $297,000. Ameriprise Financial Inc. raised its holdings in MFS Intermediate Income Trust by 5.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,759,098 shares of the financial services provider's stock worth $4,679,000 after acquiring an additional 96,198 shares during the last quarter. Bank of America Corp DE lifted its position in MFS Intermediate Income Trust by 3.6% in the 4th quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider's stock valued at $1,048,000 after acquiring an additional 13,523 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in MFS Intermediate Income Trust during the 4th quarter valued at $95,000. Finally, Citadel Advisors LLC boosted its stake in MFS Intermediate Income Trust by 17.0% during the 4th quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 4,310 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Stock Up 0.2%

Shares of MIN stock traded up $0.01 during mid-day trading on Friday, hitting $2.71. The company's stock had a trading volume of 101,596 shares, compared to its average volume of 159,142. MFS Intermediate Income Trust has a 52-week low of $2.61 and a 52-week high of $2.79. The business has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.68.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.0195 dividend. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

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.