MFS Intermediate Income Trust (NYSE:MIN) Stock Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• The stock price of MFS Intermediate Income Trust (NYSE:MIN) has crossed above its 50-day moving average of $2.68, with shares last trading at $2.67.
• The company recently declared a monthly dividend of $0.0195 per share, slightly reduced from the previous $0.02, representing an annualized dividend yield of 8.8%.
• Over 50% of MFS Intermediate Income Trust's stock is held by institutional investors, with notable recent purchases including new positions valued at approximately $28,000 to $42,000.

MFS Intermediate Income Trust (NYSE:MIN - )'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.68 and traded as high as $2.68. MFS Intermediate Income Trust shares last traded at $2.67, with a volume of 187,700 shares traded.

MFS Intermediate Income Trust Trading Up 0.2%

The company has a fifty day moving average of $2.68 and a 200-day moving average of $2.68.

MFS Intermediate Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.0195 per share. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Tuesday, September 16th.

Hedge Funds Weigh In On MFS Intermediate Income Trust

Institutional investors have recently bought and sold shares of the stock. Wealth Quarterback LLC bought a new position in MFS Intermediate Income Trust during the second quarter valued at about $28,000. Farther Finance Advisors LLC bought a new position in MFS Intermediate Income Trust during the first quarter valued at about $40,000. EP Wealth Advisors LLC bought a new position in MFS Intermediate Income Trust during the first quarter valued at about $42,000. Shaker Financial Services LLC raised its holdings in MFS Intermediate Income Trust by 23.0% during the second quarter. Shaker Financial Services LLC now owns 25,050 shares of the financial services provider's stock valued at $68,000 after buying an additional 4,680 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in MFS Intermediate Income Trust by 17.0% during the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider's stock valued at $79,000 after buying an additional 4,310 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.

About MFS Intermediate Income Trust

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.

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