MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.70 and traded as low as $2.68. MFS Intermediate Income Trust shares last traded at $2.70, with a volume of 124,372 shares changing hands.
MFS Intermediate Income Trust Trading Up 0.7 %
The business has a fifty day moving average price of $2.69 and a 200 day moving average price of $2.70.
MFS Intermediate Income Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0196 per share. This is an increase from MFS Intermediate Income Trust's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.24 annualized dividend and a yield of 8.73%.
Institutional Investors Weigh In On MFS Intermediate Income Trust
A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth bought a new position in MFS Intermediate Income Trust in the 4th quarter valued at approximately $104,000. Citadel Advisors LLC lifted its stake in shares of MFS Intermediate Income Trust by 17.0% in the 4th quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 4,310 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 4th quarter valued at $95,000. Bank of America Corp DE grew its position in MFS Intermediate Income Trust by 3.6% during the 4th quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider's stock worth $1,048,000 after acquiring an additional 13,523 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in MFS Intermediate Income Trust by 5.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,759,098 shares of the financial services provider's stock worth $4,679,000 after purchasing an additional 96,198 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors and hedge funds.
MFS Intermediate Income Trust Company Profile
(
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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