Janney Montgomery Scott LLC Decreases Stock Position in MFS Intermediate Income Trust (NYSE:MIN)

Janney Montgomery Scott LLC lowered its stake in MFS Intermediate Income Trust (NYSE:MIN) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,632 shares of the financial services provider’s stock after selling 19,176 shares during the period. Janney Montgomery Scott LLC’s holdings in MFS Intermediate Income Trust were worth $121,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Transform Wealth LLC purchased a new position in shares of MFS Intermediate Income Trust in the fourth quarter worth about $535,000. EP Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 4,250 shares during the period. Jane Street Group LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $92,000. Kovitz Investment Group Partners LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter worth about $604,000. Finally, Kingsview Wealth Management LLC increased its holdings in shares of MFS Intermediate Income Trust by 6.8% in the third 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 during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Trading Up 0.2 %

MIN opened at $2.70 on Friday. The business’s 50-day moving average price is $2.68 and its 200-day moving average price is $2.71. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0196 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.23 dividend on an annualized basis and a yield of 8.72%.

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.