111,569 Shares in MFS Intermediate Income Trust (NYSE:MIN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 111,569 shares of the financial services provider's stock, valued at approximately $297,000. Raymond James Financial Inc. owned about 0.10% of MFS Intermediate Income Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MIN. Private Advisor Group LLC lifted its position in shares of MFS Intermediate Income Trust by 30.1% during the 4th quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider's stock valued at $729,000 after buying an additional 63,500 shares during the last quarter. Stephens Inc. AR boosted its position in MFS Intermediate Income Trust by 3.5% during the fourth quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock worth $318,000 after purchasing an additional 4,000 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of MFS Intermediate Income Trust by 9.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 266,398 shares of the financial services provider's stock worth $709,000 after purchasing an additional 24,010 shares in the last quarter. Transform Wealth LLC bought a new stake in shares of MFS Intermediate Income Trust in the fourth quarter valued at approximately $535,000. Finally, EP Wealth Advisors LLC lifted its stake in shares of 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 valued at $43,000 after buying an additional 4,250 shares in the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Trading Down 0.2 %

MIN stock traded down $0.01 during midday trading on Wednesday, reaching $2.65. 3,092 shares of the company's stock traded hands, compared to its average volume of 199,934. MFS Intermediate Income Trust has a 52 week low of $2.56 and a 52 week high of $2.79. The company has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $2.69.

MFS Intermediate Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0197 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This is a boost from MFS Intermediate Income Trust's previous monthly dividend of $0.02. This represents a $0.24 annualized dividend and a dividend yield of 8.92%.

About MFS Intermediate Income Trust

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.