Landscape Capital Management L.L.C. Sells 121,321 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Landscape Capital Management L.L.C. lowered its position in shares of MFS Intermediate Income Trust (NYSE:MIN) by 87.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,455 shares of the financial services provider’s stock after selling 121,321 shares during the period. Landscape Capital Management L.L.C.’s holdings in MFS Intermediate Income Trust were worth $46,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its stake in MFS Intermediate Income Trust by 10.9% during the 4th quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider’s stock worth $1,084,000 after buying an additional 39,954 shares during the period. Private Advisor Group LLC raised its stake in MFS Intermediate Income Trust by 30.1% during the 4th quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider’s stock worth $729,000 after buying an additional 63,500 shares during the period. Kingsview Wealth Management LLC raised its stake in MFS Intermediate Income Trust by 9.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 266,398 shares of the financial services provider’s stock worth $709,000 after buying an additional 24,010 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in MFS Intermediate Income Trust during the 3rd quarter worth approximately $604,000. Finally, Transform Wealth LLC acquired a new position in MFS Intermediate Income Trust during the 4th quarter worth approximately $535,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Up 0.8 %

MIN stock opened at $2.65 on Thursday. The stock’s 50 day simple moving average is $2.69 and its 200 day simple moving average is $2.70. MFS Intermediate Income Trust has a fifty-two week low of $2.56 and a fifty-two week high of $2.79.

MFS Intermediate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.0197 dividend. The ex-dividend date is Tuesday, April 15th. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. This represents a $0.24 annualized dividend and a dividend yield of 8.91%.

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.