Wolverine Asset Management LLC Purchases New Stake in MFS Intermediate Income Trust (NYSE:MIN)

Wolverine Asset Management LLC acquired a new position in shares of MFS Intermediate Income Trust (NYSE:MIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 48,062 shares of the financial services provider’s stock, valued at approximately $129,000.

Several other large investors have also recently bought and sold shares of MIN. Significant Wealth Partners LLC acquired a new position in shares of MFS Intermediate Income Trust during the 4th quarter worth $1,463,000. Kingsview Wealth Management LLC purchased a new position in MFS Intermediate Income Trust in the third quarter valued at about $566,000. Shaker Financial Services LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter valued at approximately $169,000. Shayne & Jacobs LLC purchased a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter worth approximately $100,000. Finally, GraniteShares Advisors LLC grew its holdings in shares of MFS Intermediate Income Trust by 4.0% in the 3rd quarter. GraniteShares Advisors LLC now owns 519,614 shares of the financial services provider’s stock worth $1,393,000 after acquiring 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 Stock Up 0.4 %

NYSE MIN opened at $2.60 on Friday. The business has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.69. MFS Intermediate Income Trust has a 1-year low of $2.52 and a 1-year high of $2.88.

MFS Intermediate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th will be paid a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a dividend yield of 9.23%. The ex-dividend date is Tuesday, April 16th.

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.