LPL Financial LLC raised its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 106.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 840,907 shares of the financial services provider's stock after acquiring an additional 433,432 shares during the quarter. LPL Financial LLC owned approximately 0.74% of MFS Intermediate Income Trust worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of MFS Intermediate Income Trust by 5.8% during 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 stake in shares of MFS Intermediate Income Trust by 3.6% during 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 buying an additional 13,523 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of 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 buying an additional 4,310 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of MFS Intermediate Income Trust during the 1st quarter valued at $40,000. Finally, Raymond James Financial Inc. purchased a new position in shares of MFS Intermediate Income Trust during the 4th quarter valued at $297,000. Hedge funds and other institutional investors own 50.90% of the company's stock.
MFS Intermediate Income Trust Stock Up 0.2%
Shares of MIN traded up $0.0050 during trading hours on Friday, reaching $2.6650. 97,046 shares of the stock traded hands, compared to its average volume of 182,058. MFS Intermediate Income Trust has a 52-week low of $2.61 and a 52-week high of $2.79. The company's 50-day moving average price is $2.67 and its two-hundred day moving average price is $2.68.
MFS Intermediate Income Trust Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.0194 per share. The ex-dividend date is Tuesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.
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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