Raymond James Financial Services Advisors Inc. Increases Position in MFS Intermediate Income Trust (NYSE:MIN)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,776 shares of the financial services provider’s stock after acquiring an additional 6,298 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MFS Intermediate Income Trust were worth $125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GraniteShares Advisors LLC increased its position in shares of MFS Intermediate Income Trust by 4.0% during the third quarter. GraniteShares Advisors LLC now owns 519,614 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 19,931 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of MFS Intermediate Income Trust during the third quarter worth about $566,000. Shaker Financial Services LLC purchased a new stake in shares of MFS Intermediate Income Trust during the third quarter worth about $169,000. Shayne & Jacobs LLC purchased a new stake in shares of MFS Intermediate Income Trust during the third quarter worth about $100,000. Finally, L.M. Kohn & Company increased its position in shares of MFS Intermediate Income Trust by 16.5% during the third quarter. L.M. Kohn & Company now owns 31,125 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 4,401 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Price Performance

Shares of MFS Intermediate Income Trust stock opened at $2.59 on Friday. MFS Intermediate Income Trust has a fifty-two week low of $2.52 and a fifty-two week high of $2.88. The business has a 50-day moving average price of $2.66 and a 200 day moving average price of $2.69.

MFS Intermediate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be issued a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 9.28%. The ex-dividend date is Tuesday, April 16th.

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.