Stephens Inc. AR Acquires 4,000 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Stephens Inc. AR raised its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 119,555 shares of the financial services provider’s stock after purchasing an additional 4,000 shares during the quarter. Stephens Inc. AR owned 0.11% of MFS Intermediate Income Trust worth $318,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new stake in MFS Intermediate Income Trust during the third quarter worth about $28,000. PFG Investments LLC acquired a new stake in MFS Intermediate Income Trust in the third quarter worth about $35,000. EP Wealth Advisors LLC raised its stake in shares of MFS Intermediate Income Trust by 37.0% during the third quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after buying an additional 4,250 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of MFS Intermediate Income Trust in the 2nd quarter valued at $62,000. Finally, Jane Street Group LLC bought a new position in MFS Intermediate Income Trust during the third quarter worth about $92,000. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Performance

MIN stock opened at $2.71 on Friday. The business’s 50-day moving average price is $2.68 and its two-hundred day moving average price is $2.71. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0196 per share. This represents a $0.23 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Tuesday, February 18th.

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.