1607 Capital Partners LLC Decreases Stock Position in MFS Intermediate Income Trust $MIN

1607 Capital Partners LLC trimmed its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,404,923 shares of the financial services provider’s stock after selling 246,261 shares during the quarter. MFS Intermediate Income Trust accounts for 1.5% of 1607 Capital Partners LLC’s holdings, making the stock its 16th largest holding. 1607 Capital Partners LLC owned about 6.51% of MFS Intermediate Income Trust worth $19,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in shares of MFS Intermediate Income Trust by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 3,232,821 shares of the financial services provider’s stock worth $8,664,000 after buying an additional 206,565 shares in the last quarter. Osaic Holdings Inc. raised its holdings in MFS Intermediate Income Trust by 1,566.8% in the second quarter. Osaic Holdings Inc. now owns 2,080,926 shares of the financial services provider’s stock valued at $5,639,000 after acquiring an additional 1,956,078 shares in the last quarter. Invesco Ltd. lifted its stake in MFS Intermediate Income Trust by 2.5% in the third quarter. Invesco Ltd. now owns 1,150,617 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 28,337 shares during the last quarter. Bank of America Corp DE lifted its stake in MFS Intermediate Income Trust by 6.5% in the second quarter. Bank of America Corp DE now owns 712,130 shares of the financial services provider’s stock worth $1,930,000 after acquiring an additional 43,686 shares during the last quarter. Finally, Equitable Holdings Inc. grew its holdings in MFS Intermediate Income Trust by 14.5% during the 3rd quarter. Equitable Holdings Inc. now owns 580,764 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 73,737 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

Shares of NYSE:MIN opened at $2.54 on Friday. MFS Intermediate Income Trust has a 52 week low of $2.49 and a 52 week high of $2.73. The company’s 50 day moving average is $2.59 and its two-hundred day moving average is $2.63.

MFS Intermediate Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.0192 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.