Jane Street Group LLC Invests $92,000 in MFS Intermediate Income Trust (NYSE:MIN)

Jane Street Group LLC bought a new position in MFS Intermediate Income Trust (NYSE:MIN) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 33,693 shares of the financial services provider’s stock, valued at approximately $92,000.

Several other hedge funds have also bought and sold shares of the stock. Kingsview Wealth Management LLC increased its stake in MFS Intermediate Income Trust by 6.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 242,388 shares of the financial services provider’s stock worth $659,000 after buying an additional 15,444 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in MFS Intermediate Income Trust in the 3rd quarter worth approximately $604,000. Private Advisor Group LLC boosted its stake in MFS Intermediate Income Trust by 47.1% in the 3rd quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 67,500 shares during the period. Shaker Financial Services LLC grew its holdings in MFS Intermediate Income Trust by 15.5% during the 3rd quarter. Shaker Financial Services LLC now owns 176,098 shares of the financial services provider’s stock valued at $479,000 after buying an additional 23,605 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of MFS Intermediate Income Trust during the third quarter valued at approximately $129,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

MIN stock opened at $2.65 on Wednesday. The company’s fifty day moving average price is $2.68 and its 200-day moving average price is $2.71. MFS Intermediate Income Trust has a one year low of $2.56 and a one year high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.0198 per share. This represents a $0.24 annualized dividend and a dividend yield of 8.95%. The ex-dividend date is Tuesday, January 14th.

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.