Evoke Wealth LLC Sells 194,000 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Evoke Wealth LLC trimmed its position in shares of MFS Intermediate Income Trust (NYSE:MIN) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,000 shares of the financial services provider’s stock after selling 194,000 shares during the period. Evoke Wealth LLC owned approximately 0.16% of MFS Intermediate Income Trust worth $487,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MIN. Relative Value Partners Group LLC increased its position in shares of MFS Intermediate Income Trust by 3.9% during the fourth quarter. Relative Value Partners Group LLC now owns 311,503 shares of the financial services provider’s stock valued at $835,000 after purchasing an additional 11,750 shares during the period. Nomura Holdings Inc. acquired a new position in shares of MFS Intermediate Income Trust in the 4th quarter valued at $76,000. Private Advisor Group LLC lifted its holdings in shares of MFS Intermediate Income Trust by 38.5% during the 1st quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 37,918 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of MFS Intermediate Income Trust by 11.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 73,337 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 7,822 shares in the last quarter. Finally, Karpus Management Inc. boosted its position in shares of MFS Intermediate Income Trust by 50.6% during the 1st quarter. Karpus Management Inc. now owns 7,640,671 shares of the financial services provider’s stock valued at $20,324,000 after acquiring an additional 2,568,806 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

NYSE:MIN opened at $2.74 on Friday. MFS Intermediate Income Trust has a 12-month low of $2.52 and a 12-month high of $2.85. The firm has a 50-day moving average price of $2.73 and a 200 day moving average price of $2.67.

MFS Intermediate Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a $0.0203 dividend. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, September 17th. This represents a $0.24 annualized dividend and a yield of 8.89%.

MFS Intermediate Income Trust Company Profile

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.