Sit Investment Associates Inc. grew its position in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,232,895 shares of the financial services provider's stock after acquiring an additional 1,523,468 shares during the period. MFS Intermediate Income Trust comprises about 1.5% of Sit Investment Associates Inc.'s holdings, making the stock its 10th largest holding. Sit Investment Associates Inc. owned about 21.29% of MFS Intermediate Income Trust worth $64,460,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC grew its stake in MFS Intermediate Income Trust by 37.0% in the third quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider's stock worth $43,000 after purchasing an additional 4,250 shares during the period. Jane Street Group LLC purchased a new stake in shares of MFS Intermediate Income Trust in the 3rd quarter worth about $92,000. Raymond James Financial Inc. purchased a new stake in shares of MFS Intermediate Income Trust in the 4th quarter worth about $297,000. Stephens Inc. AR increased its stake in shares of MFS Intermediate Income Trust by 3.5% in the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock worth $318,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Transform Wealth LLC purchased a new position in MFS Intermediate Income Trust during the 4th quarter valued at about $535,000. Institutional investors own 50.90% of the company's stock.
MFS Intermediate Income Trust Price Performance
MIN traded down $0.04 during midday trading on Thursday, reaching $2.65. The company's stock had a trading volume of 160,458 shares, compared to its average volume of 207,868. MFS Intermediate Income Trust has a 1 year low of $2.56 and a 1 year high of $2.79. The stock's 50-day moving average is $2.69 and its 200-day moving average is $2.70.
MFS Intermediate Income Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0197 per share. This represents a $0.24 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date is Tuesday, April 15th. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02.
MFS Intermediate Income Trust Company Profile
(
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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