Kingsview Wealth Management LLC Grows Holdings in MFS Intermediate Income Trust (NYSE:MIN)

Kingsview Wealth Management LLC boosted its position in shares of MFS Intermediate Income Trust (NYSE:MIN) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 242,388 shares of the financial services provider’s stock after acquiring an additional 15,444 shares during the period. Kingsview Wealth Management LLC owned 0.21% of MFS Intermediate Income Trust worth $659,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of MFS Intermediate Income Trust by 47.1% in the third quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 67,500 shares in the last quarter. Choreo LLC bought a new stake in MFS Intermediate Income Trust during the 2nd quarter valued at approximately $73,000. Ameritas Advisory Services LLC lifted its holdings in MFS Intermediate Income Trust by 37.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock worth $619,000 after purchasing an additional 63,582 shares in the last quarter. Wolverine Asset Management LLC bought a new position in MFS Intermediate Income Trust in the 3rd quarter worth approximately $129,000. Finally, Shaker Financial Services LLC grew 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 valued at $406,000 after buying 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 Stock Performance

MFS Intermediate Income Trust stock opened at $2.69 on Thursday. MFS Intermediate Income Trust has a 1 year low of $2.56 and a 1 year high of $2.85. The firm’s 50 day moving average price is $2.72 and its 200-day moving average price is $2.70.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.0201 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.24 dividend on an annualized basis and a yield of 8.97%.

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.