Hara Capital LLC Sells 27,300 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Hara Capital LLC lessened its position in MFS Intermediate Income Trust (NYSE:MIN) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,393 shares of the financial services provider’s stock after selling 27,300 shares during the quarter. Hara Capital LLC owned about 0.20% of MFS Intermediate Income Trust worth $624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Karpus Management Inc. grew its position in shares of MFS Intermediate Income Trust by 50.6% in the first quarter. Karpus Management Inc. now owns 7,640,671 shares of the financial services provider’s stock valued at $20,324,000 after purchasing an additional 2,568,806 shares during the last quarter. Ameritas Advisory Services LLC grew 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 valued at $619,000 after buying an additional 63,582 shares during the last quarter. Private Advisor Group LLC increased its position in MFS Intermediate Income Trust by 47.1% in the 3rd quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock worth $573,000 after buying an additional 67,500 shares during the period. Shaker Financial Services LLC lifted its holdings in shares of MFS Intermediate Income Trust by 15.5% during the third quarter. Shaker Financial Services LLC now owns 176,098 shares of the financial services provider’s stock worth $479,000 after buying an additional 23,605 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of MFS Intermediate Income Trust by 11.9% in the first quarter. Janney Montgomery Scott LLC now owns 73,337 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 7,822 shares during the period. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Performance

MIN stock remained flat at $2.73 on Thursday. 14,403 shares of the company were exchanged, compared to its average volume of 236,360. MFS Intermediate Income Trust has a fifty-two week low of $2.52 and a fifty-two week high of $2.85. The company has a 50 day simple moving average of $2.74 and a two-hundred day simple moving average of $2.69.

MFS Intermediate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.0201 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.24 annualized dividend and a dividend yield of 8.83%.

About MFS Intermediate Income Trust

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.