Transform Wealth LLC Makes New $535,000 Investment in MFS Intermediate Income Trust (NYSE:MIN)

Transform Wealth LLC acquired a new stake in MFS Intermediate Income Trust (NYSE:MIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 201,094 shares of the financial services provider’s stock, valued at approximately $535,000.

A number of other institutional investors have also modified their holdings of MIN. Kovitz Investment Group Partners LLC purchased a new position in MFS Intermediate Income Trust in the third quarter valued at approximately $604,000. Private Advisor Group LLC increased 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 worth $573,000 after acquiring an additional 67,500 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of MFS Intermediate Income Trust in the 3rd quarter valued at $129,000. Jane Street Group LLC acquired a new position in shares of MFS Intermediate Income Trust during the 3rd quarter valued at $92,000. Finally, Sanctuary Advisors LLC purchased a new stake in MFS Intermediate Income Trust during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Trading Up 0.9 %

Shares of NYSE MIN opened at $2.67 on Wednesday. The stock has a fifty day moving average price of $2.67 and a 200 day moving average price of $2.71. MFS Intermediate Income Trust has a 12-month low of $2.56 and a 12-month high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be paid a $0.0198 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.90%.

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.