MFS Intermediate Income Trust (NYSE:MIN) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.68 and traded as low as $2.65. MFS Intermediate Income Trust shares last traded at $2.67, with a volume of 154,964 shares changing hands.

MFS Intermediate Income Trust Stock Down 0.2%

The firm has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.68.

MFS Intermediate Income Trust Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $0.0195 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 8.9%.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Several large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. grew its stake in shares of MFS Intermediate Income Trust by 0.8% in the 1st quarter. Sit Investment Associates Inc. now owns 24,419,462 shares of the financial services provider's stock valued at $65,688,000 after purchasing an additional 186,567 shares during the period. 1607 Capital Partners LLC grew its stake in shares of MFS Intermediate Income Trust by 36.5% in the 4th quarter. 1607 Capital Partners LLC now owns 7,575,555 shares of the financial services provider's stock valued at $20,151,000 after purchasing an additional 2,024,362 shares during the period. Ameriprise Financial Inc. grew its stake 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 valued at $4,679,000 after purchasing an additional 96,198 shares during the period. Invesco Ltd. grew its stake in shares of MFS Intermediate Income Trust by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider's stock valued at $2,963,000 after purchasing an additional 9,837 shares during the period. Finally, LPL Financial LLC grew its stake in shares of MFS Intermediate Income Trust by 106.4% in the 1st quarter. LPL Financial LLC now owns 840,907 shares of the financial services provider's stock valued at $2,262,000 after purchasing an additional 433,432 shares during the period. 50.90% of the stock is currently owned by institutional investors.

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.