MFS Intermediate Income Trust $MIN Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. raised its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,167,975 shares of the financial services provider’s stock after acquiring an additional 213,250 shares during the quarter. MFS Intermediate Income Trust accounts for about 1.5% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 12th largest holding. Sit Investment Associates Inc. owned approximately 0.26% of MFS Intermediate Income Trust worth $76,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in MFS Intermediate Income Trust by 6.5% during the second quarter. Bank of America Corp DE now owns 712,130 shares of the financial services provider’s stock valued at $1,930,000 after buying an additional 43,686 shares in the last quarter. Equitable Holdings Inc. lifted its position in MFS Intermediate Income Trust by 14.5% during the third quarter. Equitable Holdings Inc. now owns 580,764 shares of the financial services provider’s stock valued at $1,556,000 after buying an additional 73,737 shares in the last quarter. Private Advisor Group LLC lifted its position in MFS Intermediate Income Trust by 8.3% during the third quarter. Private Advisor Group LLC now owns 314,850 shares of the financial services provider’s stock valued at $844,000 after buying an additional 24,150 shares in the last quarter. Raymond James Financial Inc. lifted its position in MFS Intermediate Income Trust by 52.3% during the third quarter. Raymond James Financial Inc. now owns 202,247 shares of the financial services provider’s stock valued at $542,000 after buying an additional 69,468 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in MFS Intermediate Income Trust during the third quarter valued at approximately $39,000. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Stock Down 0.2%

Shares of MIN stock opened at $2.45 on Friday. MFS Intermediate Income Trust has a fifty-two week low of $2.41 and a fifty-two week high of $2.73. The firm’s 50 day moving average price is $2.46 and its two-hundred day moving average price is $2.55.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.0186 per share. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.