EP Wealth Advisors LLC Purchases Shares of 15,750 MFS Intermediate Income Trust $MIN

EP Wealth Advisors LLC purchased a new stake in MFS Intermediate Income Trust (NYSE:MIN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,750 shares of the financial services provider’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of MFS Intermediate Income Trust by 5.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,759,098 shares of the financial services provider’s stock valued at $4,679,000 after purchasing an additional 96,198 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of MFS Intermediate Income Trust by 3.6% in the fourth quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider’s stock valued at $1,048,000 after purchasing an additional 13,523 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of MFS Intermediate Income Trust by 17.0% in the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 4,310 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of MFS Intermediate Income Trust in the first quarter valued at about $40,000. Finally, LPL Financial LLC lifted its holdings in shares of MFS Intermediate Income Trust by 106.4% in the first quarter. LPL Financial LLC now owns 840,907 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 433,432 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Up 0.2%

Shares of NYSE MIN opened at $2.72 on Thursday. MFS Intermediate Income Trust has a 12-month low of $2.61 and a 12-month high of $2.79. The firm’s 50-day moving average is $2.68 and its two-hundred day moving average is $2.68.

MFS Intermediate Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.0195 dividend. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Tuesday, September 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.