1607 Capital Partners LLC Cuts Position in 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 decreased its holdings in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,370,555 shares of the financial services provider's stock after selling 205,000 shares during the quarter. MFS Intermediate Income Trust comprises approximately 1.6% of 1607 Capital Partners LLC's portfolio, making the stock its 14th biggest holding. 1607 Capital Partners LLC owned about 6.48% of MFS Intermediate Income Trust worth $19,827,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. EP Wealth Advisors LLC purchased a new position in MFS Intermediate Income Trust in the first quarter worth $42,000. Ethos Financial Group LLC purchased a new position in MFS Intermediate Income Trust in the first quarter worth $138,000. Sit Investment Associates Inc. raised its position in MFS Intermediate Income Trust by 0.8% in the first quarter. Sit Investment Associates Inc. now owns 24,419,462 shares of the financial services provider's stock worth $65,688,000 after acquiring an additional 186,567 shares in the last quarter. AlphaCore Capital LLC purchased a new position in MFS Intermediate Income Trust in the first quarter worth $114,000. Finally, Moors & Cabot Inc. purchased a new position in MFS Intermediate Income Trust in the first quarter worth $198,000. Hedge funds and other institutional investors own 50.90% of the company's stock.

MFS Intermediate Income Trust Trading Down 0.6%

NYSE:MIN opened at $2.68 on Tuesday. The stock has a fifty day moving average price of $2.68 and a two-hundred day moving average price of $2.68. MFS Intermediate Income Trust has a 1 year low of $2.61 and a 1 year high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were given a $0.0194 dividend. The ex-dividend date was Tuesday, August 19th. This represents a c) dividend on an annualized basis and a dividend 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.

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