MFS Intermediate Income Trust $MIN Holdings Lifted by Sit Investment Associates Inc.

Key Points

• Sit Investment Associates Inc. increased its holdings in MFS Intermediate Income Trust by 0.8% during the first quarter, owning approximately 24.4 million shares valued at around $65.7 million, making it the firm's 10th largest holding.
• Several institutional investors have also raised their stakes in MFS Intermediate Income Trust, with 1607 Capital Partners LLC leading with a 36.5% increase in shares owned.
• MFS Intermediate Income Trust recently announced a monthly dividend of $0.0194 per share, yielding approximately 8.7% annually.

Sit Investment Associates Inc. lifted its stake in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,419,462 shares of the financial services provider's stock after acquiring an additional 186,567 shares during the quarter. MFS Intermediate Income Trust accounts for 1.5% of Sit Investment Associates Inc.'s investment portfolio, making the stock its 10th largest position. Sit Investment Associates Inc. owned 21.46% of MFS Intermediate Income Trust worth $65,688,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in MIN. 1607 Capital Partners LLC lifted its holdings in MFS Intermediate Income Trust by 36.5% during the 4th quarter. 1607 Capital Partners LLC now owns 7,575,555 shares of the financial services provider's stock worth $20,151,000 after buying an additional 2,024,362 shares in the last quarter. LPL Financial LLC lifted its holdings in MFS Intermediate Income Trust by 106.4% during the 1st quarter. LPL Financial LLC now owns 840,907 shares of the financial services provider's stock worth $2,262,000 after buying an additional 433,432 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in MFS Intermediate Income Trust during the 4th quarter worth approximately $297,000. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 96,198 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in MFS Intermediate Income Trust during the 1st quarter worth approximately $198,000. 50.90% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Price Performance

MFS Intermediate Income Trust stock traded up $0.03 during mid-day trading on Monday, reaching $2.70. 291,226 shares of the company's stock were exchanged, compared to its average volume of 181,688. MFS Intermediate Income Trust has a twelve month low of $2.61 and a twelve month high of $2.79. The company has a fifty day moving average of $2.67 and a 200-day moving average of $2.68.

MFS Intermediate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a $0.0194 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, August 19th.

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.