Landscape Capital Management L.L.C. lessened its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 87.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,455 shares of the financial services provider's stock after selling 121,321 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in MFS Intermediate Income Trust were worth $46,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kovitz Investment Group Partners LLC bought a new stake in MFS Intermediate Income Trust during the third quarter worth about $604,000. Transform Wealth LLC bought a new stake in MFS Intermediate Income Trust in the 4th quarter worth approximately $535,000. Raymond James Financial Inc. purchased a new stake in MFS Intermediate Income Trust in the fourth quarter worth approximately $297,000. Private Advisor Group LLC grew its position in MFS Intermediate Income Trust by 30.1% during the fourth quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider's stock valued at $729,000 after acquiring an additional 63,500 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of MFS Intermediate Income Trust by 10.9% during the fourth quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider's stock worth $1,084,000 after acquiring an additional 39,954 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company's stock.
MFS Intermediate Income Trust Trading Down 0.6 %
Shares of MIN traded down $0.02 during mid-day trading on Tuesday, reaching $2.65. The company's stock had a trading volume of 23,762 shares, compared to its average volume of 203,198. MFS Intermediate Income Trust has a 52 week low of $2.56 and a 52 week high of $2.79. The company's fifty day moving average price is $2.69 and its two-hundred day moving average price is $2.69.
MFS Intermediate Income Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0197 per share. This represents a $0.24 annualized dividend and a yield of 8.92%. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, April 15th.
About MFS Intermediate Income Trust
(
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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