MFS Intermediate Income Trust (NYSE:MIN - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.68 and traded as high as $2.70. MFS Intermediate Income Trust shares last traded at $2.69, with a volume of 172,347 shares.
MFS Intermediate Income Trust Stock Performance
The company's 50 day moving average is $2.68 and its 200-day moving average is $2.71.
MFS Intermediate Income Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.0196 per share. This represents a $0.23 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, February 18th.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC acquired a new position in MFS Intermediate Income Trust during the 3rd quarter worth $28,000. PFG Investments LLC acquired a new position in MFS Intermediate Income Trust during the 3rd quarter worth $35,000. EP Wealth Advisors LLC grew its holdings in MFS Intermediate Income Trust by 37.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider's stock worth $43,000 after acquiring an additional 4,250 shares in the last quarter. Advisory Services Network LLC acquired a new position in MFS Intermediate Income Trust during the 4th quarter worth $45,000. Finally, Sanctuary Advisors LLC acquired a new position in MFS Intermediate Income Trust during the 2nd quarter worth $62,000. 50.90% of the stock is owned by institutional investors and hedge funds.
About MFS Intermediate Income Trust
(
Get 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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