MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.58 and traded as low as $2.46. MFS Intermediate Income Trust shares last traded at $2.4650, with a volume of 181,936 shares changing hands.
MFS Intermediate Income Trust Stock Down 1.4%
The company has a 50 day moving average of $2.51 and a two-hundred day moving average of $2.58.
MFS Intermediate Income Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 14th will be given a dividend of $0.0189 per share. The ex-dividend date is Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 9.2%.
Institutional Investors Weigh In On MFS Intermediate Income Trust
Several large investors have recently bought and sold shares of MIN. Landscape Capital Management L.L.C. purchased a new position in MFS Intermediate Income Trust in the 4th quarter valued at $34,000. Integrated Wealth Concepts LLC acquired a new stake in shares of MFS Intermediate Income Trust in the third quarter valued at about $39,000. Compound Planning Inc. acquired a new stake in shares of MFS Intermediate Income Trust in the fourth quarter valued at about $45,000. Benjamin Edwards Inc. purchased a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $54,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of MFS Intermediate Income Trust in the first quarter worth about $75,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
About MFS Intermediate Income Trust
(
Get Free Report)
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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