LPL Financial LLC Has $2.26 Million Stock Position in MFS Intermediate Income Trust $MIN

Key Points

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LPL Financial LLC increased its position in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 106.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 840,907 shares of the financial services provider's stock after acquiring an additional 433,432 shares during the period. LPL Financial LLC owned approximately 0.74% of MFS Intermediate Income Trust worth $2,262,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of 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 period. Invesco Ltd. increased its stake in MFS Intermediate Income Trust by 0.9% during the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider's stock valued at $2,963,000 after buying an additional 9,837 shares during the period. Bank of America Corp DE increased its stake in 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 during the period. Private Advisor Group LLC increased its stake in MFS Intermediate Income Trust by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 286,200 shares of the financial services provider's stock valued at $770,000 after buying an additional 12,000 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in MFS Intermediate Income Trust during the 4th quarter valued at about $297,000. Institutional investors and hedge funds own 50.90% of the company's stock.

MFS Intermediate Income Trust Stock Up 0.2%

MFS Intermediate Income Trust stock traded up $0.0050 during trading hours on Friday, hitting $2.6650. 119,426 shares of the company traded hands, compared to its average volume of 152,678. The firm's 50-day simple moving average is $2.67 and its two-hundred day simple moving average is $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 firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a $0.0194 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a c) annualized dividend and a dividend yield of 8.8%.

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.