Shaker Financial Services LLC Sells 135,128 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Shaker Financial Services LLC lessened its holdings in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 76.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,970 shares of the financial services provider's stock after selling 135,128 shares during the period. Shaker Financial Services LLC's holdings in MFS Intermediate Income Trust were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sit Investment Associates Inc. lifted its position in MFS Intermediate Income Trust by 6.7% during the 4th quarter. Sit Investment Associates Inc. now owns 24,232,895 shares of the financial services provider's stock worth $64,460,000 after acquiring an additional 1,523,468 shares during the last quarter. 1607 Capital Partners LLC lifted its position 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 acquiring an additional 2,024,362 shares during the last quarter. Invesco Ltd. lifted its position 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 worth $2,963,000 after acquiring an additional 9,837 shares during the last quarter. LPL Financial LLC lifted its position in MFS Intermediate Income Trust by 10.9% during the 4th quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider's stock worth $1,084,000 after acquiring an additional 39,954 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in MFS Intermediate Income Trust by 30.1% during the 4th quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider's stock worth $729,000 after acquiring an additional 63,500 shares during the last quarter. Institutional investors and hedge funds own 50.90% of the company's stock.

MFS Intermediate Income Trust Stock Up 1.1 %

MFS Intermediate Income Trust stock traded up $0.03 on Friday, reaching $2.68. 162,274 shares of the stock were exchanged, compared to its average volume of 197,873. MFS Intermediate Income Trust has a twelve month low of $2.58 and a twelve month high of $2.79. The firm has a fifty day moving average price of $2.68 and a two-hundred day moving average price of $2.69.

MFS Intermediate Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0197 per share. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 8.81%.

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.