MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.69 and traded as high as $2.71. MFS Intermediate Income Trust shares last traded at $2.69, with a volume of 208,619 shares changing hands.
MFS Intermediate Income Trust Price Performance
The stock has a fifty day moving average price of $2.69 and a two-hundred day moving average price of $2.71.
MFS Intermediate Income Trust Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0196 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.78%. 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.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. boosted its position in MFS Intermediate Income Trust by 6.7% during the 4th quarter. Sit Investment Associates Inc. now owns 24,232,895 shares of the financial services provider's stock valued at $64,460,000 after purchasing an additional 1,523,468 shares during the period. 1607 Capital Partners LLC boosted its position in MFS Intermediate Income Trust by 36.5% during the 4th quarter. 1607 Capital Partners LLC now owns 7,575,555 shares of the financial services provider's stock valued at $20,151,000 after purchasing an additional 2,024,362 shares during the period. Ameriprise Financial Inc. boosted its position in MFS Intermediate Income Trust by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,759,098 shares of the financial services provider's stock valued at $4,679,000 after purchasing an additional 96,198 shares during the period. Invesco Ltd. boosted its position in MFS Intermediate Income Trust by 0.9% during the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider's stock valued at $2,963,000 after purchasing an additional 9,837 shares during the period. Finally, LPL Financial LLC boosted its position in MFS Intermediate Income Trust by 10.9% during the 4th 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 during the period. Institutional investors and hedge funds own 50.90% of the company's stock.
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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