Kovitz Investment Group Partners LLC bought a new stake in MFS Intermediate Income Trust (NYSE:MIN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 225,853 shares of the financial services provider's stock, valued at approximately $604,000. Kovitz Investment Group Partners LLC owned 0.20% of MFS Intermediate Income Trust at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC increased its position in MFS Intermediate Income Trust by 47.1% during the 3rd quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider's stock worth $573,000 after purchasing an additional 67,500 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of MFS Intermediate Income Trust by 37.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider's stock valued at $619,000 after acquiring an additional 63,582 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter valued at approximately $129,000. Shaker Financial Services LLC grew its holdings in shares of MFS Intermediate Income Trust by 30.6% in the 2nd quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider's stock worth $406,000 after acquiring an additional 35,757 shares during the period. Finally, Dakota Wealth Management increased its stake in MFS Intermediate Income Trust by 72.5% in the 2nd quarter. Dakota Wealth Management now owns 71,700 shares of the financial services provider's stock valued at $191,000 after purchasing an additional 30,125 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors and hedge funds.
MFS Intermediate Income Trust Price Performance
Shares of MIN stock remained flat at $2.71 during trading hours on Friday. 296,834 shares of the stock traded hands, compared to its average volume of 238,131. MFS Intermediate Income Trust has a twelve month low of $2.56 and a twelve month high of $2.85. The stock has a fifty day moving average of $2.71 and a two-hundred day moving average of $2.70.
MFS Intermediate Income Trust Cuts Dividend
The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0198 per share. The ex-dividend date is Tuesday, December 17th.
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.
Further Reading
Before you consider MFS Intermediate Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFS Intermediate Income Trust wasn't on the list.
While MFS Intermediate Income Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
