Raymond James Financial Services Advisors Inc. Raises Holdings in MFS Intermediate Income Trust (NYSE:MIN)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,776 shares of the financial services provider’s stock after purchasing an additional 6,298 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MFS Intermediate Income Trust were worth $125,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. L.M. Kohn & Company increased its holdings in MFS Intermediate Income Trust by 16.5% during the 3rd quarter. L.M. Kohn & Company now owns 31,125 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 4,401 shares during the period. EP Wealth Advisors LLC purchased a new stake in MFS Intermediate Income Trust during the 3rd quarter worth about $31,000. Register Financial Advisors LLC purchased a new stake in MFS Intermediate Income Trust during the 4th quarter worth about $36,000. Northeast Investment Management purchased a new stake in MFS Intermediate Income Trust during the 3rd quarter worth about $44,000. Finally, GraniteShares Advisors LLC increased its holdings in MFS Intermediate Income Trust by 4.0% during the 3rd quarter. GraniteShares Advisors LLC now owns 519,614 shares of the financial services provider’s stock worth $1,393,000 after purchasing an additional 19,931 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Trading Up 0.6 %

MIN opened at $2.59 on Friday. MFS Intermediate Income Trust has a one year low of $2.52 and a one year high of $2.88. The business’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $2.69.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.28%.

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.