Sanctuary Advisors LLC Takes $62,000 Position in MFS Intermediate Income Trust (NYSE:MIN)

Sanctuary Advisors LLC bought a new position in shares of MFS Intermediate Income Trust (NYSE:MINFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,800 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Choreo LLC acquired a new stake in shares of MFS Intermediate Income Trust during the second quarter worth $73,000. Janney Montgomery Scott LLC boosted its stake in MFS Intermediate Income Trust by 11.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 73,337 shares of the financial services provider’s stock worth $195,000 after buying an additional 7,822 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in MFS Intermediate Income Trust by 37.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock valued at $619,000 after buying an additional 63,582 shares during the period. Nomura Holdings Inc. acquired a new position in shares of MFS Intermediate Income Trust during the 4th quarter valued at about $76,000. Finally, Private Advisor Group LLC lifted its holdings in shares of MFS Intermediate Income Trust by 38.5% during the 1st quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 37,918 shares during the period. 50.90% of the stock is owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Stock Performance

MFS Intermediate Income Trust stock opened at $2.72 on Tuesday. MFS Intermediate Income Trust has a 1 year low of $2.52 and a 1 year high of $2.85. The firm has a 50 day moving average price of $2.74 and a 200 day moving average price of $2.68.

MFS Intermediate Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0204 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 9.03%. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, October 15th.

MFS Intermediate Income Trust Profile

(Free Report)

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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Institutional Ownership by Quarter for MFS Intermediate Income Trust (NYSE:MIN)

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