Choreo LLC Takes $73,000 Position in MFS Intermediate Income Trust (NYSE:MIN)

Choreo LLC purchased a new stake in shares of MFS Intermediate Income Trust (NYSE:MIN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,531 shares of the financial services provider’s stock, valued at approximately $73,000.

A number of other institutional investors have also recently made changes to their positions in MIN. Nomura Holdings Inc. purchased a new position in shares of MFS Intermediate Income Trust during the 4th quarter valued at $76,000. Dakota Wealth Management lifted its holdings in MFS Intermediate Income Trust by 72.5% during the 2nd quarter. Dakota Wealth Management now owns 71,700 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 30,125 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in 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 worth $195,000 after purchasing an additional 7,822 shares in the last quarter. Private Advisor Group LLC lifted its holdings in 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 purchasing an additional 37,918 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in MFS Intermediate Income Trust by 30.6% during the 2nd quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 35,757 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

Shares of MIN opened at $2.75 on Friday. The stock’s 50-day simple moving average is $2.73 and its 200 day simple moving average is $2.67. MFS Intermediate Income Trust has a 52-week low of $2.52 and a 52-week high of $2.85.

MFS Intermediate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.0203 per share. This is a boost 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 dividend on an annualized basis and a yield of 8.87%.

MFS Intermediate Income Trust 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.