MFS Intermediate Income Trust (NYSE:MIN) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• MFS Intermediate Income Trust shares fell below their 200-day moving average, trading as low as $2.33 versus the $2.46 average, with the latest price near $2.335.
• The fund announced a monthly dividend of $0.02 per share, payable September 30 to shareholders of record September 22, implying an annualized yield of approximately 10.3%.
• Institutional investors and hedge funds own 50.9% of the shares, with several firms recently increasing their positions, while the fund focuses primarily on diversified fixed-income securities.

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.46 and traded as low as $2.33. MFS Intermediate Income Trust shares last traded at $2.3350, with a volume of 222,378 shares.

MFS Intermediate Income Trust Price Performance

The stock's 50-day moving average is $2.43 and its 200 day moving average is $2.46.

MFS Intermediate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $0.02 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Institutional Trading of MFS Intermediate Income Trust

Hedge funds have recently modified their holdings of the business. Stephens Inc. AR lifted its stake in MFS Intermediate Income Trust by 3.3% in the 4th quarter. Stephens Inc. AR now owns 124,255 shares of the financial services provider's stock valued at $324,000 after buying an additional 4,000 shares in the last quarter. Private Advisor Group LLC increased its position in MFS Intermediate Income Trust by 1.5% during the first quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider's stock worth $872,000 after buying an additional 5,075 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of MFS Intermediate Income Trust by 49.9% in the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider's stock worth $65,000 after acquiring an additional 8,584 shares during the last quarter. Decision Investments Inc. raised its holdings in shares of MFS Intermediate Income Trust by 6.6% in the first quarter. Decision Investments Inc. now owns 163,000 shares of the financial services provider's stock worth $409,000 after acquiring an additional 10,100 shares during the last quarter. Finally, Advisory Solutions Group LLC purchased a new stake in shares of MFS Intermediate Income Trust in the second quarter valued at $43,000. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust NYSE: MIN is a closed-end management investment company that seeks to provide high current income while maintaining prudent portfolio diversification. The fund invests primarily in fixed-income securities, including government and corporate bonds, mortgage-backed securities, asset-backed securities and other debt instruments.

The portfolio may include securities issued by companies and governments in the United States and other countries. MFS Investment Management serves as the fund's investment adviser and manages the portfolio using research and credit analysis to identify income-producing opportunities across intermediate-term debt markets.

MFS Intermediate Income Trust is part of the MFS family of investment products, which has a long history of managing mutual funds and other investment vehicles.

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