MFS Intermediate Income Trust $MIN Shares Bought by GatePass Capital LLC

Key Points

• GatePass Capital significantly increased its position in MFS Intermediate Income Trust by 2,212.3% during the second quarter, acquiring 575,200 additional shares for a total of 601,200 shares valued at approximately $1.49 million.
• Institutional investors and hedge funds own 50.9% of MIN’s shares, with several firms also increasing their holdings during recent quarters.
• MFS Intermediate Income Trust shares opened at $2.48, while the trust announced a $0.02 monthly dividend, representing an annualized yield of about 9.7%.

GatePass Capital LLC grew its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 2,212.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 601,200 shares of the financial services provider's stock after buying an additional 575,200 shares during the period. GatePass Capital LLC owned 0.53% of MFS Intermediate Income Trust worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Inc. AR increased its position in MFS Intermediate Income Trust by 3.3% during the fourth quarter. Stephens Inc. AR now owns 124,255 shares of the financial services provider's stock worth $324,000 after buying an additional 4,000 shares during the period. Private Advisor Group LLC boosted its holdings in shares of MFS Intermediate Income Trust by 1.5% in the first quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider's stock valued at $872,000 after acquiring an additional 5,075 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of MFS Intermediate Income Trust by 34.7% in the fourth quarter. Benjamin Edwards Inc. now owns 27,170 shares of the financial services provider's stock valued at $71,000 after acquiring an additional 7,000 shares during the period. Compound Planning Inc. grew its position in shares of MFS Intermediate Income Trust by 49.9% during the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider's stock worth $65,000 after acquiring an additional 8,584 shares during the last quarter. Finally, Decision Investments Inc. grew its position in shares of MFS Intermediate Income Trust by 6.6% during the first quarter. Decision Investments Inc. now owns 163,000 shares of the financial services provider's stock worth $409,000 after acquiring an additional 10,100 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Stock Up 0.6%

Shares of MFS Intermediate Income Trust stock opened at $2.48 on Friday. The firm's fifty day simple moving average is $2.44 and its 200-day simple moving average is $2.49. MFS Intermediate Income Trust has a 12 month low of $2.39 and a 12 month high of $2.72.

MFS Intermediate Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.02 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Monday, August 24th.

MFS Intermediate Income Trust Profile

MFS Intermediate Income Trust NYSE: MIN is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.

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