1607 Capital Partners LLC Boosts Holdings in MFS Intermediate Income Trust (NYSE:MIN)

1607 Capital Partners LLC lifted its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,575,555 shares of the financial services provider’s stock after acquiring an additional 2,024,362 shares during the period. MFS Intermediate Income Trust accounts for about 1.6% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 15th largest position. 1607 Capital Partners LLC owned 0.07% of MFS Intermediate Income Trust worth $20,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new position in MFS Intermediate Income Trust during the fourth quarter worth approximately $45,000. XTX Topco Ltd purchased a new stake in shares of MFS Intermediate Income Trust during the 4th quarter valued at $67,000. Jane Street Group LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter worth $92,000. Raymond James Financial Inc. purchased a new position in shares of MFS Intermediate Income Trust in the 4th quarter worth $297,000. Finally, Stephens Inc. AR raised its position in shares of MFS Intermediate Income Trust by 3.5% in the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider’s stock worth $318,000 after buying an additional 4,000 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Price Performance

MIN stock opened at $2.65 on Wednesday. The stock has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $2.69. MFS Intermediate Income Trust has a 12-month low of $2.56 and a 12-month high of $2.79.

MFS Intermediate Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0197 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.91%. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

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.