Shares of MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.67 and traded as high as $2.68. MFS Intermediate Income Trust shares last traded at $2.66, with a volume of 149,617 shares traded.
MFS Intermediate Income Trust Stock Performance
The firm's 50 day moving average price is $2.67 and its 200-day moving average price is $2.68.
MFS Intermediate Income Trust Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be paid a $0.0196 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date is Tuesday, May 13th.
Institutional Trading of MFS Intermediate Income Trust
Hedge funds have recently bought and sold shares of the business. Stephens Inc. AR increased its holdings in shares of MFS Intermediate Income Trust by 3.5% during the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock worth $318,000 after buying an additional 4,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in MFS Intermediate Income Trust in the 4th quarter valued at approximately $297,000. Invesco Ltd. increased its holdings in 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 last quarter. LPL Financial LLC boosted its position in MFS Intermediate Income Trust by 10.9% in the 4th quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider's stock valued at $1,084,000 after buying an additional 39,954 shares during the period. Finally, Sit Investment Associates Inc. boosted its position in MFS Intermediate Income Trust by 6.7% in the 4th quarter. Sit Investment Associates Inc. now owns 24,232,895 shares of the financial services provider's stock valued at $64,460,000 after buying an additional 1,523,468 shares during the period. Institutional investors and hedge funds own 50.90% of the company's stock.
MFS Intermediate Income Trust Company Profile
(
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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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